7 billion energy storage bidding

When will a battery energy storage project close?

“Four (4) preferred bidders were announced under this first battery energy storage bid window on 30, 2023, and as of today, these have all reached commercial close. A further fifth project was appointed later, on March 28, 2024, following value-for-money negotiations.

How much storage capacity is secured under the first grid-scale bid window?

The Department of Electricity and Energy has stated that the signing of the agreements with the additional two projects has secured a total of 360 MW/1440 MWh of storage capacity under the country’s first grid-scale batter Bid Window.

How many GW of electricity can a storage facility produce?

The plan is to support electricity storage facilities with 9 GW in total operating power and an overall capacity of 71 GWh until the end of 2033. The production of electricity from renewable energy sources depends on sunlight, wind and hydrology, and the electricity demand curve is different.

When is the Energy Storage Summit 2024?

Energy-Storage.news’ publisher Solar Media will host the 9th annual Energy Storage Summit EU in London, 20-21 February 2024. This year it is moving to a larger venue, bringing together Europe’s leading investors, policymakers, developers, utilities, energy buyers and service providers all in one place. Visit the official site for more info.

Will Italy get a state aid scheme for energy storage?

The European Union Commission has approved a state aid scheme aiming to fund the rollout of over 9GW/71GWh of energy storage in Italy.

Will Italy deploy 71 GWh of energy storage in 2033?

Sphera Energy applauds the announcement on the 21st December of the approval by the EU Commissione for the upcoming state support and acutions mechanism (managed by TSO Terna) for the deployment of 71 GWh of utility scale Energy Storage in Italy between now and 2033.