How much will Italy's energy storage program cost in ?
In December , the EU greenlit Italy’s energy storage program, earmarking a hefty investment of €17.7 billion. This initiative is anticipated to facilitate the construction of over 9GW/71GWh of energy storage systems (ESS).
How much energy storage capacity does Italy have?
As of November Italy had 5.1 GW / 11.7 GWh of energy storage capacity. This is almost exclusively small-scale residential system, with utility-scale storage systems providing just 864 MW. To help achieve the target for utility-scale storage build-out, the Italian government has implemented the MACSE subsidy scheme as supporting legislation.
Is BW ESS a reliable partner for large-scale projects?
BW ESS’ global experience in storage positions us as a reliable partner for large-scale projects. The partnership comes amid the accelerated growth of renewables in Italy. According to Terna, the transmission system operator, the country added 5.7 GW of wind and solar capacity in and another 5.4 GW during the first nine months of .
How many energy storage projects are being developed in Italy?
The energy storage owner-operators had initially announced in February their partnership to develop three projects with a total combined capacity of 400 MW. This expansion brings their joint project development pipeline for utility-scale BESS in Italy to 2.9 GW across Italy's North and South electricity zones.
What are Italy's energy storage goals?
Energy Storage Goals: To balance the grid with increased renewable energy, Italy targets 11 GW / 58 GWh of grid-scale energy storage capacity by , requiring substantial investment and development.
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