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Ribera supports that each country should design capacity auctions for batteries in the reform of the European electricity market.

9 October 2023

According to Mario Nicolas, CEO of NCPower, battery installations for large photovoltaic parks or large industry "are already profitable".

[Batteries are already profitable: high electricity prices in 2022 and 2023 accelerate their incipient boom in Spain].

With the high volatility we are seeing in the last two years, with prices in solar hours tending to zero and prices above 100 euros/MWh in peak demand or in the early hours of the night, it is already profitable to install battery modules in photovoltaic parks" In fact, he assures that "this year is especially profitable because battery prices are decreasing; in 2021 the price of the product was around 400 euros/kW and now it has already fallen to 300 euros/kW" And he expects it to continue falling in the coming years. "According to our analysis, NCPower will reach a sales figure of 2 GWh in 2024, and it will double every year. There is no choice if you want to increase efficiency with solar generation".

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