About Italian new energy storage design
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6 FAQs about [Italian new energy storage design]
Why is Italy a great market for large-scale energy storage?
Mahael Fedele, Partner, CEO of Sphera Energy, said that Italy has several unique characteristics that make it an exciting market for large-scale storage. “The country obviously needs energy storage. You have centres of renewable generation and centres of consumption which are far apart. There’s a lack of grid interconnection with other countries.
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.
Where will the planned storage capacity come from?
The planned storage capacity will come from 20 projects selected by Italian grid operator Terna through the latest capacity market auction. Half of them will be located on the island of Sardinia. Italian power utility Enel has announced it secured 12.9 GW of the 41.5 GW awarded by Italian grid operator Terna in its latest capacity market auction.
Can banks finance energy storage in Italy?
Paolo Sereni, COO and head of storage for developer Renera Energy, also agreed, pointing out that the Italian market has not seen any bank financing for energy storage, yet. “It will be interesting to see how the banks’ experience in wind and solar translates into storage.”
Will energy storage be a big winner in 2024?
Note that energy storage’s surprise big wins in the conventional capacity market for 2024 delivery, which was run in early 2022, were the result of years of capex reductions. Utility Enel is building most of those systems to come online this year.
Why is battery technology important in Italy?
“As Italy continues its renewable energy transition, battery technology stands to play a hugely important role in supporting established clean energy generators, through its ability to manage intermittency issues and associated price fluctuations.
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