Cubico Sustainable Investments has formed a joint venture (JV) with a local developer in Italy to develop 1GW-plus of battery energy storage system (BESS) projects.

Developer Emeren has sold two more Italy BESS projects to Matrix Renewables totalling 293MW, bringing the total projects developed and transferred to 1GW.

Executives from Europe-based developers/IPPs Aquila Clean Energy, Kyon Energy and BayWa r.e. look back at the major energy storage trends in 2023 and ahead to 2024.

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.

UK-based utility and IPP Octopus Energy has entered the energy storage market in Italy, forming a joint venture (JV) with developer Nexta Capital to deploy up to 1.5GW of BESS.

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.

Energy storage developer Pacific Green has entered the market in Italy, acquiring a 500MW portfolio of BESS projects from developer Sphera Energy Srl which could have a duration of up to six hours.

Another substantial development agreement for battery energy storage system (BESS) projects in Italy has been struck, this time between solar and storage installer Lemon Sistemi and investor Volt ESG.

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.

SUSI Partners has expanded the remit of its Italian solar PV platform ReFeel New Energy to develop battery energy storage systems.