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.

Could Italy's grid-scale battery storage market see a massive expansion?

Grid-scale battery storage | Cameron Murray writes about the nascent market for large-scale battery storage in Italy, which could see a massive expansion in the short term. Italy’s grid-scale energy storage market: a sleeping dragon Render of a co-located battery storage project in Italy from Innovo Group. Credit: Innovo Storage smart power

Why are Italy's solar projects so expensive?

Italy's solar projects face costs that are currently 20% higher than in France, Germany and Spain, due to power grid congestion, land availability and lengthy approval processes, the report said. Our Standards: The Thomson Reuters Trust Principles.

Could Italy's energy plan prevent a decarbonisation goal?

The report, prepared by energy group Edison (EDNn.MI) and think tank TEHA Group, pointed to Italy taking 10 years longer than anticipating in deploying renewables and storage infrastructure, which could prevent the country from hitting EU-set decarbonisation goals for 2030.

Could hydropower save Italy 190 billion euros by 2050?

Sign up here. The study called for streamlining permitting, providing certainty for investments and reducing energy costs. By combining hydropower storage with advanced nuclear power generation and carbon capture technologies, Italy could add 190 billion euros to its economic out by 2050, the study calculated.

How long does the res scheme last in Italy?

The scheme will run until 31 December 2033. The measure aims to facilitate the integration of renewable energy sources (‘RES') in the Italian electricity system. The production of electricity by RES does not always coincide with periods of electricity demand.