Lisbon Energy Storage Power Station Project

4 FAQs about [Lisbon Energy Storage Power Station Project]

How much money does Portugal need to modernise its electricity grid?

Portugal: Portugal has unveiled a $480 M (€400 M) investment package to modernise its electricity grid and significantly expand battery energy storage systems (BESS), following a major Iberian blackout earlier this year.

What will Portugal''s energy transition look like in 2026?

In addition, an auction for large-scale BESS is planned by 2026, marking a step forward in Portugal’s energy transition strategy. To support critical infrastructure like hospitals, the government will provide $28 M (€25 M) for solar PV and storage installations.

How will Portugal improve grid resilience after April blackout?

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.

Is Portugal ready for power outages?

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.

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