Here’s the translation into American English:
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Energy storage has become a determining factor in the advancement of renewable energies, especially following the blackout that occurred in several regions of Spain on April 28. This event highlighted the need to implement battery systems that provide stability and reliability to the electrical grid in the face of unforeseen events. Efficient management of these technologies would not only improve their profitability but also be crucial in facilitating the transition towards a more sustainable energy system.
In a recent webinar organized by AleaSoft Energy Forecasting, held on May 22, the trends in the European energy market were discussed. Javier Adiego, CEO of 7C Energy, addressed in his presentation the various ways in which the use of batteries can be profitable. He emphasized the importance of anticipating short-term demand and the opportunities offered by secondary and tertiary regulation markets.
The conference also featured participation from recognized experts in the sector, such as Luis Atienza Serna and Kiko Maza, who analyzed the vital role that energy storage plays in system security and the promotion of renewable energies. According to Adiego, the profitability of batteries could significantly increase if managed properly, as they can generate income through price arbitrage, ancillary services, and self-consumption facilities.
The April blackout served as a clear reminder of the vulnerability of the Spanish electrical grid, highlighting the need to incorporate more flexible resources that can quickly respond to fluctuations in energy production and consumption. In this context, batteries emerge as one of the most effective solutions, as they can store energy during excess periods and release it during demand peaks.
The regulatory framework for energy storage is being developed, with incentives and programs designed to promote innovative projects in this area. However, it is considered urgent to establish a more robust regulation that recognizes the systemic value of batteries and promotes their full integration into the market.
On another note, the hybridization of projects, which combines renewable energy systems with storage, is beginning to materialize not only in the photovoltaic sector but also in wind energy. This approach enables more efficient and diversified revenue management, which is vital in an environment where prices can fluctuate, leading to energy spills.
To achieve effective integration of storage in the energy system, it is essential to have prepared electrical grids that facilitate not only bidirectional energy flow but also active demand management. The participation of batteries in aggregation schemes and control centers is essential to optimize their use and maximize their benefits.
In summary, energy storage is shaping up to be a fundamental pillar in the transition towards a more resilient and sustainable energy model. Innovation and appropriate regulation will be key to unlocking its full potential. AleaSoft has already scheduled its next webinar for June 12, where these opportunities will be further explored in the context of European energy markets.
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via: MiMub in Spanish