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Commission approves €17.7 billion Italian State aid scheme
The European Commission has approved, under EU State aid rules a €17.7 billion Italian scheme to support the construction and operation of a centralised electricity storage system.
6 FAQs about [Italian energy storage stud]
Will Italy support a centralised electricity storage system?
The European Commission has approved, under EU State aid rules a €17.7 billion Italian scheme to support the construction and operation of a centralised electricity storage system.
Does Italy need electricity storage?
As Italy’s energy mix is increasingly composed of variable renewable energy sources, electricity storage will be needed to integrate power generated by renewables into the national grid and make it available when sun and wind energy are not accessible.
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.
Is there a need for energy storage solutions in Italy?
Local industry contacts, as well as U.S. sector firms, have also indicated to Post that there is a need for energy storage solutions 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.
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.