Did Italy get 10 gigawatt hours of battery storage?
REUTERS/Flavio Lo Scalzo Purchase Licensing Rights MILAN, Oct 1 () - Italy awarded all 10 gigawatt hours of the capacity it tendered in its first battery storage auction, recording an average price well below the cap set by the regulator, the CEO of grid operator Terna (TRN.MI) said on Wednesday.
Does Italy have a battery storage market?
Italy has both a rapidly growing utility-scale market as well as a flourishing customer-sited battery storage market. Customer-sited storage adoption has been mainly driven by a combination of high electricity prices and generous tax incentives.
Does Italy have a grid-scale battery storage capacity auction?
Italy has completed its first auction for grid-scale battery storage capacity, awarding all 10 GWh on offer under the new MACSE scheme (Meccanismo di approvvigionamento di capacità di stoccaggio elettrico, or Electricity Storage Capacity Procurement Mechanism).
How much does it cost to build a storage system in Italy?
Storage developers will receive an average price of nearly 13,000 euros ($15,240) per megawatt hour per year for the storage capacity made available to Terna, well below a ceiling of 37,000 euros per MWh. As its production of intermittent wind and solar grows, Italy needs to increase its storage capacity to make the grid more stable.
Will Italy achieve 30-40 GW of battery storage capacity by ?
By , Italy aims to achieve 30-40 GW of storage capacity. There are significant regional differences in the adoption of battery storage systems across the country. While most distributed battery adoption is occurring in the north, most of the larger-scale storage projects are in the south and on Italy’s largest island, Sardinia.
Why are electricity prices so high in Italy?
Italy’s high electricity market prices are largely driven by its heavy reliance on fossil gas for power generation. In Italy, the government and the Italian TSO (Terna) have developed several electricity market products where storage projects are able to compete and provide services to the power system.
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ITALY
Italy has both a rapidly growing utility-scale market as well as a flourishing customer-sited battery storage market. Customer-sited storage adoption has been mainly driven by a combination of
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