Energy storage isn’t just a solution—it’s the backbone for integrating renewables smoothly. With the steady rise in photovoltaic and wind installations plugging into the grid, the need for energy storage is skyrocketing.
Right now, Italy is one of the most attractive energy storage systems markets. According to the Italian Transmission Operator (TSO) TERNA the grid needs about 71 GWh of new utility-scale storage capacity by 2030 for the country to decarbonize its energy system and align with EU targets. This means a massive deployment of around 19 GW of large-scale energy storage capacity by 2030.
Despite the rosy picture of market opportunities, challenges and uncertainty also abound in the market. Even though the Ministry of Environment and Energy Security (MASE) is working to simplify regulations governing energy storage projects, there is still a lot of uncertainty at the regulatory level. This, coupled with technological risks, means that often there isn’t a clear, viable business model for energy storage projects in Italy. However, the business case for energy storage is set to get stronger as the government works to create a market for energy storage with new regulation and auctions.
Don´t miss the opportunity to attend RENMAD STORAGE ITALIA 2024 (Rome, 16-17 of April 2024) and join 160+ forward-thinking executives from the vanguard of the energy storage industry discussing how to develop, finance, build and operate profitable utility-scale energy storage projects in Italy
Dive deep into a market on the rise and discover how your investments can pioneer change in Italy’s energy storage industry.