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 support a centralized electricity storage system?

The European Commission has approved, under the European Union’s state aid rules, a EUR 17.7 billion scheme with which Italy intends to support the establishment and operation of a centralized electricity storage system.

How will Italy's electricity storage subsidies work?

After winning clearance in Brussels, Italy can now select companies developing electricity storage projects eligible for subsidies. The mechanism is set to cover investment and operating costs through annual payments.

Does Italy need 9gw/71gwh of energy storage?

Italy’s TSO Terna says it needs 9GW/71GWh of energy storage by integrate its renewables pipeline. Image: Terna. 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.

How much does a project cost in Italy?

Eligible projects should have an estimated cost of up to EUR 1 million, with the minimum being EUR 30,000. The funds will be drawn from Italy's recovery and resilience plan, with around 40% to be reserved for projects in the regions of Abruzzo, Basilicata, Calabria, Campania, Molise, Puglia, Sardinia and Sicily.

How much money does the Italian government give to SMEs?

(EUR 1.0 = USD 1.051) The Italian government has signed a decree to allocate EUR 320 million (USD 336.3m) in state funding to small and medium-sized enterprises (SMEs) willing to install self-consumption wind or solar power plants.