The agreement, signed on 28th June 2023, secures Eku Energy exclusivity over 1GW of battery storage projects in Italy. As part of the agreement, Eku Energy is already funding projects with a combined capacity in excess of 100MW in the South of Italy, a region with high levels of renewable penetration and an increasingly congested grid.
Sandra Grauers Nilsson, CEO of Eku Energy commented: Italy is a key market for Eku Energy as we continue our global expansion, and we’re thrilled to have partnered with Renera Energy to help meet the country’s growing need for energy storage.
Visit the official site for more info. Transmission system operator (TSO) Terna estimates Italy will need 9GW/71GWh of new energy storage to integrate its growing renewables pipeline, an average duration of just under 8 hours.
Its pipeline includes 1.2GWh of battery storage projects in delivery globally. Global energy storage developer Eku Energy has signed a Framework Agreement with Renera Energy, a European consulting, trading and development group. The agreement, signed on 28th June 2023, secures Eku Energy exclusivity over 1GW of battery storage projects in Italy.
The grid-scale market in Italy was the subject of a deep-dive in a recent edition of Solar Media’s quarterly journal PV Tech Power. The state aid package is in line with the objectives of the EU’s European Green Deal and ‘Fit for 55’ package, alluding to the EU’s aim to reduce greenhouse gas emissions by 55% by 2030.