About Address of the italian green energy storage base
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3 FAQs about [Address of the italian green energy storage base]
How much will Italy spend on a centralised electricity storage system?
The European Commission has approved a €17.7 billion ($19.5 billion) Italian scheme to support the construction and operation of a centralised electricity storage system to integrate renewable energy sources into the country’s electricity system.
How will Italy support energy storage?
Italy is one of Europe’s fastest growing energy storage markets and recently introduced mechanisms to support this nascent sector. To meet its decarbonisation goals, it set out the need to build 9 GW of new grid-scale energy storage and upped its renewables targets with the aim of having 65% of electricity from green energy by 2030*.
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.
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