Italian electric energy storage project
Italy’s proposed scheme involves supporting the development of electricity storage facilities, collectively possessing a capacity exceeding 9 GW/71 GWh. This initiative is slated to remain in effect until 31 December 2033.
As the photovoltaic (PV) industry continues to evolve, advancements in Italian electric energy storage project have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
6 FAQs about [Italian electric energy storage project]
How much will Italy spend on a centralised electricity storage system?
The European Commission has approved a €17.7 billion ($19.5 billion) Italian scheme to support the construction and operation of a centralised electricity storage system to integrate renewable energy sources into the country’s electricity system.
Will Italy support the construction of electricity storage facilities?
Approved under EU state aid rules, the Italian scheme will support the construction of electricity storage facilities with a joint capacity of more than 9GW/71GWh and will run until 31 December 2033.
What is the EU state aid scheme for energy storage in Italy?
The European Union (EU) Commission has approved a state aid scheme aiming to fund the rollout of over 9GW/71GWh of energy storage in Italy. The scheme totalling €17.7 billion (US$19.5 billion) will provide annual payments covering investment and operating costs for those developing, building and operating large-scale energy storage in Italy.
Does Italy need 9gw/71gwh of energy storage?
Italy’s TSO Terna says it needs 9GW/71GWh of energy storage by integrate its renewables pipeline. Image: Terna. The European Union (EU) Commission has approved a state aid scheme aiming to fund the rollout of over 9GW/71GWh of energy storage in Italy.
What's going on with battery energy storage in Italy?
Since it went to press, regulators in Italy approved new auction rules for grid-scale storage and gave the green light to a 200MW/800MWh battery energy storage system (BESS) project from UK developer Aura Power, while Eni Plenitude brought a 15MW BESS online.
How will Italy's electricity storage subsidies work?
After winning clearance in Brussels, Italy can now select companies developing electricity storage projects eligible for subsidies. The mechanism is set to cover investment and operating costs through annual payments.