Italian energy storage wins bid
Italian grid operator Terna SpA (BIT:TRN) has awarded some 250 MW of energy storage capacity in a heavily oversubscribed auction that took place last week. The company said it has received bids for a total of 1,327 MW, equal to six times the requested capacity of 230 MW.
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6 FAQs about [Italian energy storage wins bid]
Is Italy a good market for large-scale energy storage?
Alongside the MACSE auction, they touched on grid, project development and opportunities for software and optimisation providers. Mahael Fedele, Partner, CEO of Sphera Energy, said that Italy has several unique characteristics that make it an exciting market for large-scale storage. “The country obviously needs energy storage.
How much power will Italy have next year?
From ESS News Italy’s latest capacity market auction for power to be delivered next year assigned 42.2 GW of capacity, data published by transmission system operator Terna showed. These include nearly 37.6 GW of existing capacity, around 233 MW of new capacity, as well as 4.36 GW of capacity from abroad.
Can banks finance energy storage in Italy?
Paolo Sereni, COO and head of storage for developer Renera Energy, also agreed, pointing out that the Italian market has not seen any bank financing for energy storage, yet. “It will be interesting to see how the banks’ experience in wind and solar translates into storage.”
What are Italy's energy goals?
Italy’s ambitious energy goals, outlined in the National Integrated Energy and Climate Plan (PNIEC), mark a transformative shift toward renewable energy. By 2030, the country is targeting 28GW of wind power and nearly 80GW of solar capacity, making energy storage essential for ensuring grid stability and maximizing renewable integration.
Is Italy open to foreign investment?
Italy is also fundamentally open to foreign investment compared to some other countries.” Part of that regulatory push and a huge talking point of the panel was transmission system operator (TSO) Terna’s capacity market auction for energy storage, called MACSE (Electric Storage Capacity Procurement Mechanism).
Will Italy hit 71gwh?
Ben Potter, COO for ‘CO2 battery’ company Energy Dome, said he was confident that other technologies would be needed for Italy to hit the 71GWh figure, and said its technology would be able to bid in to the auction at a lower price than lithium-ion BESS or PHES.