ACL Energy, BW ESS and Penso Power form Italian energy storage
This joint venture marks the entry of BW ESS and Penso Power into the Italian market, which is expected to be one of the most active markets in Europe for battery energy storage.
The 187MW project in Piemonte will be submitted for approval later this year. Terna (the Italian TSO) estimates in the last Adequacy Report for the Italian Electricity System that Italy will need around 27GW of energy storage capacity by 2033 to add a planned 120 GW+ of renewable generation to the Italian grid.
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.
As its production of intermittent wind and solar grows, Italy needs to increase its storage capacity to make the grid more stable. It can also reduce the risk of renewable electricity prices falling to zero during periods of high supply and low consumption, which can stifle investment.
The 111MW project in Lombardia and the 97MW project in Puglia have been submitted to the Italian Ministry of Energy for approval. The 187MW project in Piemonte will be submitted for approval later this year.
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