Negative price hours are becoming storage’s business case
Negative power-price hours in Spain and Portugal have surged this year, turning battery storage from a hedge into the asset that captures the spread. At the same time, Gulf capital is scaling fast, with dozens of developers competing for multi-gigawatt-hour storage programmes in Saudi Arabia. Nenuphar’s project design and advisory work spans both realities: sizing storage economics against curtailment risk in Iberia, and capital-backed BOO structures in the Gulf.
