Italian air energy storage plan announced

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.

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.

Will Italy support the construction of electricity storage facilities?

Approved under EU state aid rules, the Italian scheme will support the construction of electricity storage facilities with a joint capacity of more than 9GW/71GWh and will run until 31 December 2033.

How much solar storage will Italy need by 2025?

Italian transmission system operator (TSO) Terna said that 1GW of storage linked to solar farms will be needed by 2025 to help maintain system adequacy, with additional 6GW of utility-scale storage needed by 2030. The majority of revenue for storage assets comes from participation in Terna’s fast reserve scheme.

How big is Italy's energy storage sector?

However, permitting bottlenecks remain a key concern. Figures by industry group Italia Solare put the current size of the Italian energy storage sector at approximately 450MW of total installed capacity.

How much energy does Italy need?

Visit the official site for more info. Transmission system operator (TSO) Terna estimates Italy will need 9GW/71GWh of new energy storage to integrate its growing renewables pipeline, an average duration of just under 8 hours.