Italy and Spain are set to soar as energy storage markets with multiple gigawatt-hours under construction and much more in the pipeline, but there are questions around the regulatory frameworks driving deployments in each country.
The grid-scale energy storage market in Italy holds much promise with very ambitious deployment targets for 2030, but it may be difficult for the industry to deliver on those targets.
Investor Copenhagen Infrastructure Partners (CIP) has partnered with GCSS, a joint platform of developers Ikigai Energy and Agnoli Giuggioli, to deploy 2.3GW of BESS in Italy.
The energy storage market in Italy has unique characteristics that mean more risk-averse investment funds will be able to enter, but upcoming auctions could be very competitive, driving down clearing prices, a director at consultancy Timera Energy said.
