18.06.2025 / Members News
Malta Iberia and BBVA sign an agreement to promote long-duration energy storage in Spain
EASE Member Malta Inc., through its Spanish subsidiary Malta Iberia, and BBVA have signed an agreement to promote Malta's first-of-a-kind long-duration energy storage project in Puertollano, Ciudad Real, Spain.
Under the agreement, BBVA will enable a revenue structure for the electricity generated by Malta’s 14MWe Commercial Demonstration plant.
This agreement supports the project to move from development into execution. Once operational, the plant will supply clean, dispatchable electricity and critical grid services, helping stabilise Iberia’s increasingly renewable-powered energy system.
“This agreement marks a turning point in Malta’s path to commercialization,” said Philippe Delleville, president and CEO at Malta Inc. “With BBVA’s backing, we’re demonstrating that long-duration storage is ready to deliver—providing the firm, flexible energy Europe needs to decarbonize industry, balance renewables, and strengthen energy sovereignty and reliability.”
