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 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 .
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.
Does Italy need an efficient energy storage system?
These targets cannot be achieved without implementing an efficient energy storage system in Italy. Italy’s growing need for storage systems is particularly evident in Central and Southern Italy, where a large number of renewable energy plants have been installed.
When is Italy's leading energy storage event ?
Join us on April 15–16, for the 3rd edition of Italy’s leading event on energy storage. The edition confirmed that energy storage is steadily advancing, with important regulatory updates, stronger public support at both EU and national levels, and increasing project execution.
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 . 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.
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