Energy Storage Developer Field Energy Plans To Enter The Italian Energy Storage Market

Most of the battery storage systems deployed in Italy to date have been residential, but a system operated by Terna connected to large-scale storage in Italy will come online within the next few years.

British battery storage developer Field Energy has announced plans to enter the Italian energy storage market.

The battery energy storage system deployed by British innovo group

The company has hired Emanuele Taibias as general manager and Roberto Nardi as head of project development, who will co-lead the development team based in Rome. Field Energy plans to develop and operate its own large-scale battery storage system in Italy through its energy trading platform Gaia.

Field Energy, which is developing around 500MWh of battery storage in the UK, recently raised £77 million ($96 million) through equity and debt.

The rapid development of the Italian energy storage market is mainly due to several factors occurring simultaneously: a growing awareness of the need for rapid deployment of renewable energy, coupled with changes in the country's balancing market and licensing issues, as well as investor interest in the energy storage industry. increased familiarity.

In addition to Field Energy, another Innovo group recently announced major plans to enter the Italian energy storage market.

Unlike the UK and Germany, however, battery storage projects in Italy appear to be shifting toward more energy trading and capacity revenue, which means longer discharge durations. Most of the battery energy storage systems deployed in Italy have won capacity market contracts.

This is partly because of the relatively small size of the Italian ancillary services market, where batteries can play a role, with capacity limited to around 230MW and contracts already in place for five years.

In Italy's capacity market auction last year, 1.1GW of battery energy storage projects won the bid.

In addition, the Italian government has set a goal of achieving a 72% share of renewable energy power generation by 2030, and increasing it to 95% to 100% by 2050.