Italian home energy storage battery price

Are battery energy storage systems needed in Italy?

Therefore, battery energy storage systems (BESS) are needed in Italy. The Italian market for BESS is growing rapidly and currently amounts to 2.3 GW but it almost exclusively consists of residential scale systems, associated with small scale solar plants, having a capacity of less than 20 kWh.

How much energy storage is installed in Italy?

As of 30 June, 2023, a total of 3,045MW and 4,893MWh of energy storage is installed in Italy according to ANIE Rinnovabili, the national trade body representing the renewable and clean energy sectors. The energy storage market in Italy doubled in capacity in the first half of the year, though Q2 saw the first slowdown in nine quarters.

How will Italy invest in electricity storage?

Italy will promote investments in utility scale electricity storage to reach at least 70 GWh, and worth over Euro 17 bn, in the next ten years. The new storage capacity will be acquired through tenders published by Terna, the manager of Italy’s high voltage grid. The next tender will be released in 2024.

What is the medium scenario for the Italian home storage market?

The Medium Scenario anticipates the Italian home storage market to reach 188 MWh in 2025. Throughout the period 2021-2025, our market estimates forecast a total of 625 MWh home battery capacity additions in the Medium Scenario. Under this scenario, 2025 is the year when the BESS fleet in Italy will exceed 1 GWh in total capacity.

How will Italy develop utility-scale electricity storage facilities?

To develop utility-scale electricity storage facilities, the Italian Government set up a scheme that was approved by the European Commission at the end of 2023. Italy will promote investments in utility scale electricity storage to reach at least 70 GWh, and worth over Euro 17 bn, in the next ten years.

Are storage solutions a growing market in Italy?

A further 10% are planning to include storage solutions in their portfolio by the end of 2022. This development indicates a growing market for storage systems. Additionally, 45 % of the survey participants in Italy offer electric mobility solutions.