Portugal Battery Storage Boom Lures Foreign Investment
Portugal''s electricity network is undergoing a quiet revolution. Investors are shifting from a race to install ever-larger solar fields toward a more nuanced goal: pairing panels and
Therefore, the production of battery-grade Li-compounds in Portugal would aid the EU in lessening its dependence on external sources for this strategic metal, assisting as well in increasing the domestic supply of raw materials for battery manufacturing. Portugal has been the sole European lithium producer since 2011 (USGS 2024).
The growth of BEV production is leading to increased demand for lithium (Li), which will sharply rise in the following decades unless affordable alternatives emerge. We evaluate this demand surge and the role of Portuguese Li resources in supporting Li-ion battery needs for Portugal and the European Union (EU) BEV market.
“Our factory will not only create new jobs but will also place Portugal at the forefront of the production of batteries for electric vehicles in Europe,” he highlights. According to CALB, “this strategic investment” aims to “reinforce its presence in the European market for electric vehicles (EV) and energy storage systems (BESS)”.
Battery recycling is also ensured with B.again, an initiative by DST Solar. This integration of the entire battery value chain within a 260km radius places Portugal in a privileged position in the sector, establishing itself as one of Europe's leading hubs for battery development and innovation.
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