Cubico has entered into a joint venture with Storaltil to develop over 1GW of battery energy storage system (BESS) projects in Italy. The JV will encompass four projects in its initial phase, incorporating two contributions from Cubico with a combined capacity exceeding 150MW.
A recent study conducted by grid operator Terna, revealed that the country requires nearly 71GWh of new battery storage by 2030 to meet the European Union’s target of reducing greenhouse gas emissions by at least 55%. The JV will develop BESS projects in areas with grid congestion.
Cubico’s network and expertise in originating and developing projects in Italy, combined with Storaltil’s breadth of technical expertise, data and experience in locating optimal sites will play a role in the success of the JV.
Alessandro Asperti, Country Head for Italy at Cubico, said: “This strategic partnership with Storaltil marks a significant milestone for Cubico as we enter the dynamic and rapidly growing BESS market in Italy. “Our collaboration aims to address critical grid challenges and contribute to the realisation of Italy’s clean energy goals, aligning with the broader European objectives for a sustainable future.”