Italian companies buy energy storage

Is Italy a good place to invest in energy storage?

Italy is an incredibly interesting and fast-growing market for renewables and there’s significant untapped potential in the energy storage sector. “Big batteries like the ones we’re developing with this new joint venture make the most of when it’s sunny and windy by storing abundant green energy and releasing it back into the grid when it’s needed.

How will Italy support energy storage?

Italy is one of Europe’s fastest growing energy storage markets and recently introduced mechanisms to support this nascent sector. To meet its decarbonisation goals, it set out the need to build 9 GW of new grid-scale energy storage and upped its renewables targets with the aim of having 65% of electricity from green energy by 2030*.

Could Italy's grid-scale battery storage market see a massive expansion?

Grid-scale battery storage | Cameron Murray writes about the nascent market for large-scale battery storage in Italy, which could see a massive expansion in the short term. Italy’s grid-scale energy storage market: a sleeping dragon Render of a co-located battery storage project in Italy from Innovo Group. Credit: Innovo Storage smart power

Which Bess companies are coming to Italy?

Girolami also highlights the China-based BESS providers Sungrow, Huawei and CATL. Last year, competitor Nidec ASI announced orders from Italy of 1.35GW/5.4GWh by an unnamed company. Interestingly, the details and timeline closely match up with the projects being deployed by Enel.

Will Italy deploy 900MW in 2023?

Research firm LCP Delta recently forecast that after annual grid-scale deployments of just 20MW in the last few years, Italy would deploy 800-900MW in both 2023 and 2024, second in scale only to the UK.

Will VTTI buy Adriatic LNG terminal?

Investment manager BlackRock (BLK.N) in December bowed out of exclusive talks to acquire the asset, reopening the possibility for VTTI to buy it. The Adriatic LNG terminal is located about 9 miles (15 km) off the Veneto coastline and has a regasification capacity of 9 billion cubic metres of natural gas per year.