How will Italy's electricity storage subsidies work?
After winning clearance in Brussels, Italy can now select companies developing electricity storage projects eligible for subsidies. The mechanism is set to cover investment and operating costs through annual payments.
Will Italy get a state aid scheme for energy storage?
The European Union Commission has approved a state aid scheme aiming to fund the rollout of over 9GW/71GWh of energy storage in Italy.
Will Italy support a centralized electricity storage system?
The European Commission has approved, under the European Union’s state aid rules, a EUR 17.7 billion scheme with which Italy intends to support the establishment and operation of a centralized electricity storage 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.
How long does the res scheme last in Italy?
The scheme will run until 31 December . 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.
What does the European Commission say about energy storage?
The Commission adopted in March a list of recommendations to ensure greater deployment of energy storage, accompanied by a Staff Working Document, providing an outlook of the EU's current regulatory, market, and financing framework for storage and identifies barriers, opportunities and best practices for its development and deployment.
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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.
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