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. The scheme totalling €17.7 billion (US$19.5 billion) will provide annual payments covering investment and operating costs for those developing, building and operating large-scale energy storage in Italy.
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.
The Commission adopted in March 2023 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.
The Winners Are Set to Be Announced for the Energy Storage Awards! 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.
The measure contributes to the achievement of the objectives of the European Green Deal and 'Fit for 55' package, by enabling the integration of renewable energy sources in the Italian electricity system. The scheme notified by Italy will support the construction of electricity storage facilities with a joint capacity of more than 9 GW/71 GWh.
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.
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