The pursuit of economic viability by storage facility owners will inherently lead to charging during low-cost hours and discharging during hours that are more economically attractive. Storage can replace thermal generation in constraint markets, easing the grid and supporting Portugal’s 2040 phase-out target.
Government outlines €400 million plan to strengthen grid resilience after April blackout. Portugal will launch a competitive tender for 750 MVA of battery energy storage before January 2026, as part of a broader €400 million package aimed at improving grid reliability and preventing future blackouts.
The announcement was made by Portugal’s Minister for Environment and Energy, Maria da Graça Carvalho, who said the country is now better prepared for potential power outages, though “hopefully they won’t happen,” and expects to see clear improvements in the national grid over the next three years.
Europe is expected to deploy over 90 GWh of utility-scale battery energy storage projects by 2030, and we are well positioned to support this demand along with the wider EMEA region’s rapid energy storage growth,” said Powin CEO, Jeff Waters.
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