Field, a battery storage firm, announced its expansion into Spain. The firm’s general manager, Toni Martinez, is spearheading the expansion, which will see the company roll out megawatts of storage by 2030.
The firm’s expansion into Spain follows a growth in its operations. The company has nearly 4.5 GWh of projects in advanced stages of development across Europe.
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Toni Martinez, General Manager of Field Spain, said, “We’re seeing an increase in renewable energy generation in Spain as we make significant strides to deliver our decarbonisation strategy. However, the frequent occurrence of negative prices in the Spanish electricity market indicates an excess of renewable generation and underscores the need for storage to balance supply and demand, helping manage intermittency and ensure grid stability.”
He added, “I’m excited to bring my expertise to Field and to be part of a business that is passionate about achieving the energy transition – of which battery storage is a vital element. I look forward to growing the team here and developing, building and operating the infrastructure Spain needs to achieve net zero.”
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The firm’s expansion into Spain also results from Spain’s attempt to deploy renewables across the country to accelerate the decarbonisation of its grid.
Field’s expansion aligns with Spain’s broader strategy to accelerate grid decarbonisation, aiming to achieve 81% clean energy generation by 2030.
The country has witnessed a notable increase in renewable energy production, leading to frequent instances of zero or negative electricity prices.
According to Field’s analysis, there were 573 hours of such pricing in 2024 alone, with April recording the highest at 263 hours.
These fluctuations create uncertainty for investors, often necessitating consumer subsidies to support generators during low-price periods.
Increasing battery storage capacity can mitigate these issues by storing excess renewable energy during high supply periods and releasing it when demand is high or supply is low. This helps stabilize prices, reduces volatility, and provides more predictability for developers.
