Powin LLC and Galp have partnered to install a utility-scale battery energy storage system (BESS) at one of Galp's solar power plants near Alcoutim, a small village in the country's sunny southern region of the Algarve, where Galp operates several projects with a combined capacity of 144 MW. This 5MW/20MWh battery system is Galp's first move in the hybridization of its solar power production portfolio - which is one of Iberia's biggest at close to 1.5 GW in operation. The batteries will allow Galp to store the solar energy produced in periods of high generation, and to deploy it during periods of high demand, maximizing the energy's value.

Alcoutim is Powin's inaugural project in Europe, which is poised to be a pivotal growth market for energy storage. This project and partnership, combined with Powin's recently opened office location in Madrid, Spain, showcase the company's commitment to support Europe's energy transition goals. As part of its transformation drive, Galp has taken the final investment decision and started construction works to build one of Europe's largest electrolysers to produce green hydrogen, and a 270 ktpa advanced biofuels unit.

It has also been expanding its electric vehicle charging network, which is already Portugal's largest. All these endeavors call for an increased supply of green electrons.