Enel sells 49% stake in Italy battery storage projects for €1.1 billion
Sosteneo will take a 49% stake in Enel Libra Flexsys with parent company Enel Italia S.p.A holding the remaining 51%, retaining control over the company. The deal, which will see Sosteneo''s ''Sosteneo Fund 1 HoldCo S.à.r.l'' pay €1.1 billion (US$1.19 billion) for the stake, values Enel Libra Flexys at €2.5 billion.
EC approves €17.7bn Italian initiative for electricity storage
The European Commission, in accordance with EU State aid regulations, has given its approval to a €17.7bn Italian initiative aimed at facilitating the establishment and functioning of a centralised electricity storage system. This initiative aligns with the goals of the European Green Deal and the ''Fit for 55'' package, as it plays a ...
Matrix buys 8-hour Italy battery storage portfolio from Emeren
Developers Matrix Renewables and Emeren have agreed a deal for a 410MW/3,280MWh BESS project portfolio in Italy, equating to an average discharge duration of 8 hours. The five-project transaction is within the framework of a 1.5GW development services agreement (DSA) the pair signed in June this year, which sees …
EU-Breakthrough Energy partnership invests €60 million in long-duration CO2 Battery project in Italy
Energy Dome, the startup commercialising a proprietary carbon dioxide-based long-duration energy storage (LDES) tech called the CO2 Battery, has secured investment into a grid-scale project. The new investment commitments total €60 million (US$65.37 million) and will be used towards Energy Dome''s first 10-hour duration …
Emeren-Matrix Italy partnership reaches 1GW of battery projects
The two projects in Apulia and Lazio are the latest in a development services agreement (DSA) the pair signed in June 2023 with the aim of co-developing 1.5GW of battery energy storage system (BESS) projects in Italy. Emeren has sold two more Italy battery storage projects to Matrix Renewables totalling 293MW, on top of …
European Energy Divests Two Projects in Italy
European Energy has divested two solar farm projects in Italy to Sosteneo SGR S.p.A., acting on behalf of clients ("Sosteneo"). The total capacity of these renewable energy projects is 231 MW, and both are located in Sicily. The first agreement, concerning a 68 MW solar farm in Ramacca covering an area of 135 hectares, was …
Aer Soléir, Altea Green Power work on 510MW of BESS in Italy
Irish developer Aer Soléir has signed an investment and co-development deal for 510MW of battery storage projects in Italy with Turin-headquartered Altea Green Power. The pair signed a Share Purchase Agreement along with co-development agreements relating to four large-scale battery energy storage system (BESS) projects …
Eku Energy and Renera to develop 1GW of battery storage in Italy
Image: Eku Energy. Developers Eku Energy and Renera Energy have signed an agreement to deploy 1GW of battery storage projects in Italy, the latest in a flurry of companies entering the market. Eku Energy signed the framework agreement with Renera at the end of June, and it secured exclusivity over 1GW of battery storage …
Energy Dome Closes $11 Million Series A Funding, Advances First Commercial Deployment of …
MILAN, Italy--(BUSINESS WIRE)--Energy Dome, an Italian energy storage technology company founded in 2019, today announced the close of its $11M Series A fundraise.The company will use the proceeds ...
Italian firms Redelfi and Altea buy 400MW battery storage in Texas
Image: Qcells USA. A 400MW early-stage battery storage project in ERCOT, Texas, has been acquired by a joint venture (JV) controlled by Italian firms Redelfi and Altea Green Power, for up to US$8.5 million. The firms'' JV entity BESS Power Corporation has finalised the purchase of the standalone 400MW Lund Storage Center …
Matrix Renewables announces landmark agreement to develop …
Rome – July 4, 2023 – Matrix Renewables ("Matrix"), the TPG Rise-backed global renewable energy platform, today announced that it has started a partnership with Gravel …
Italy has unique opportunities in energy storage
March 1, 2024. The panel discussion on Day 1 of the Energy Storage Summit EU in London last week. Image: Solar Media. Italy''s grid-scale energy storage market opportunities are unlike anywhere else, but many challenges and uncertainties around the different revenue streams remain, including the upcoming MACSE capacity market auction.
Matrix buys 8-hour Italy battery storage portfolio from Emeren
The five battery energy storage system (BESS) projects are all in the southern region of Apulia, where solar PV will be the dominant renewable energy source going forward making load shifting a significant part …
Large scale CO2 battery facility comes online in Italy
Image: Energy Dome. Italy-based Energy Dome has put into operation its first carbon dioxide (CO2) battery facility at an unspecified location in the Italian province of Nuoro, in Sardinia island ...
Battery energy storage systems in Italy: current regulation and …
Italy February 7 2023. The development of Battery Energy Storage Systems (hereinafter "BESS") in Italy has been limited by the fact that the spread of renewable sources is not such as to ...
New Storage Capacity: Key Element for the Energy Transition in Italy …
PNIEC expects, by 2030, the installation of new storage capacity of at least 6 GW (from PHSS and BESS with an adequate amount of energy capacity). In fact, during the coming 10 years there is the necessity in Italy to increase the storage capacity in the Centre, South and islands, where there will be a higher renewable energy penetration as ...
Lemon Sistemi and Volt ESG in 2GW Italy battery storage deal
Solar and storage installer Lemon Sistemi and investor Volt ESG have signed a deal to develop a battery energy storage system (BESS) project in Italy, the latest substantial BESS development in the country. The two companies have signed a contract for the development of 2GW of BESS projects, mainly in southern Italy and its …
Eku Energy partners with Renera Energy to develop over 1GW of battery storage projects in Italy
Its pipeline includes 1.2GWh of battery storage projects in delivery globally. Global energy storage developer Eku Energy has signed a Framework Agreement with Renera Energy, a European consulting, trading and development group. The agreement, signed on 28th June 2023, secures Eku Energy exclusivity over 1GW of battery storage projects in Italy.
Glennmont and Exus agree 800MW Italian battery storage project
Glennmont Partners from Nuveen ("Glennmont"), one of the world''s largest fund managers investing in clean energy, and Exus Renewables ("Exus"), independent renewables asset management and development firm, have agreed to co-develop c.800MW of battery storage projects in southern Italy, with each company co-developing a …
Planning issues to hold back Italian energy storage growth | ICIS
Planning issues to hold back Italian energy storage growth. David Battista. 06-Dec-2021. LONDON (ICIS)–Market actors predict growth in the Italian energy storage sector will be driven by the system balancing needs of the grid operator in the face of increasing renewable penetration and conventional plant closures.
Italy hits 720 MW/1,361 MWh of distributed storage capacity
Italy added 303 MW/632 MWh of distributed energy storage capacity in the first half of 2022. The segment continues to grow in the country, with the regions of Lombardy and Veneto being the two ...
ACL Energy forms Italian storage joint venture with BW ESS and …
Italian transmission system operator Terna estimates that Italy will need around 27GW of energy storage capacity by 2033. Nicola Locascio, managing partner of ACL Energy said: "We are proud to enter into this partnership with international players with such a successful track record in the energy storage industry such as Penso Power and …
Italy reaches 1.2GWh of energy storage in Q1 2022
Battery energy storage system (BESS) capacity in Italy reached 587MW/1,227MWh in the first three months of 2022, of which 977MWh is distributed energy storage, according to the national renewables association, ANIE Rinnovabili. Like Germany, Italy''s BESS market is currently dominated by the residential and commercial & industrial …
EU Commission approves €5.7 billion Italian scheme for energy …
The European Commission said last week it has greenlighted a €5.7 billion ($6.24 billion) scheme for Italy to develop renewable energy communities up to 1 MW in size.
Enel to build 1.6 GW/6.6 GWh of storage under Italy''s …
The planned storage capacity will come from 20 projects selected by Italian grid operator Terna through the latest capacity market auction. Half of them will be located on the island of...
''Sand-based battery'' thermal energy storage project in Italy
Partners Enel X and Magaldi Group have begun construction in Salerno, Italy, on a 13MWh thermal energy storage (TES) plant based on a patented technology. Called Magaldi Green Thermal Energy Storage (MGTES), the storage tech was developed by ultra-high temperature material handling company Magaldi and utilises a fluidised sand …
Telis Energy expands to Italy with 100MWp hybrid project pipeline
Renewable energy company Telis Energy has launched a subsidiary in Italy, aiming to build 3GW of hybrid renewable projects and battery energy storage systems (BESS) by 2030. In a statement, the ...
Italy: Enel, Brenmiller open 24MWh thermal energy storage system
Image: Business Wire. Utility and power generation company Enel Group and Brenmiller Energy have inaugurated a thermal energy storage system in Italy using the latter''s proprietary bGen technology. Israel-based Brenmiller''s energy storage unit has been deployed at a power plant in Santa Barbara, Tuscany, and will help the plant to use ...
