BME:IBEElectric Utilities
The Bull Case For Iberdrola (BME:IBE) Could Change Following New EU-Backed Grid-Scale Storage Grants
Iberdrola has secured €170 million in grants, co-financed by European Regional Development Fund money and awarded by Spain’s IDAE, to support 11 battery storage projects, three industrial thermal storage initiatives, and an expansion of pumped storage capacity.
This funding deepens Iberdrola’s role in grid-scale storage, potentially enhancing the flexibility and reliability of its renewable-heavy power portfolio across key markets.
We’ll now explore how this new grant-backed energy storage...