New 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.

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.

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.

Is battery storage the 'indispensable new lungs of our electricity system?

In February 2022, just before it handed out over 1GW of capacity market contracts to battery storage projects, the TSO called the technology the “indispensable new lungs of our electricity system”.

What will Terna's new auction system mean for energy storage?

The regulator’s consultation 393 from 2022 outlines a specific mechanism dedicated to energy storage to be procured via auctions run by Terna, the TSO, he says. With the mechanism’s rules approved, Terna will now consult with the industry, allowing stakeholders and operators to comment on the proposed new auction system.

What is energy dome doing with $11 million?

June 28 update: Energy Dome today announced that it has secured $11 million in bridge funding, which will enable it to buy equipment for a 20-megawatt/200-megawatt-hour/10-hour duration facility for Italian utility A2A, with which it has a memorandum of understanding.