Iberdrola Approves €25M Contract for Battery Storage and Mobile Substations in Basque Supply Pact
Iberdrola, chaired by Ignacio Galán, approved new contracts with Basque suppliers in Bilbao to modernise Spain’s electricity grids and support electrification. The group okayed a €25 million deal with Ingeteam for battery-based energy storage linked to renewables. It also selected Ormazabal to design and supply two mobile substations for temporary grid reinforcement and improved supply continuity.