Italy will promote investments in utility scale electricity storage to reach at least 70 GWh, and worth over Euro 17 bn, in the next ten years. The new storage capacity will be
Italy accelerates the transition to renewable energy Italy is stepping into a new energy era with the MACSE auction in early 2025. Underpinning MACSE, or Meccanismo di Assegnazione Centralizzata per la
Italy''s government procurement market, estimated at €200 billion in 2024, serves as a key driver of economic growth, supporting infrastructure projects, public services, and technological innovation. With a
In 2020-2021, in response to the COVID 19 pandemic, Italy has committed at least USD 54.97 billion to supporting different energy types through new or amended policies, according to
Briefly The Electricity Storage Capacity Procurement Mechanism (in Italian "Meccanismo di Approvvigionamento di Capacità di Stoccaggio Elettrico": MACSE) is a regulatory initiative
A representative of Silicon Valley''s clean energy told the media that CC Power''s procurement marks CCA Group''s "first major procurement" for long-term storage. "Long term energy storage
Renewable Energy procurement advisor, LevelTen Energy, is reported to have developed a RE-Store Energy Agreement, designed for utility-scale storage projects. The contract means that
Vanadium Redox Flow Batteries (VRFB) in large-scale energy storage. The VRFB correspond to an emerging technology, in continuous improvement with many potential applications. The
Invinity Energy Systems believes partnering with a Chinese materials and manufacturing company will enable significant cost reduction of its vanadium redox flow battery
Read the Asturias government''s authorisation filing for the VRFB project here. In related non-lithium energy storage news in Spain, European chemicals company BASF''s
Traditionally, battery energy storage system (BESS) and other similar projects have been either utility-owned, or underpinned by the existence of one or more long term offtake agreements.
The energy minister of Italy has signed a decree paving the way for an energy storage capacity auction to kick off in the first half of 2025.
The energy sector continues to be a cornerstone of Italy''s economic and environmental strategy, driving resilience and innovation amidst global market challenges. As the country aligns with European climate
Read more here about one of Europe''s largest energy storage opportunities, with 10GWh of battery capacity on offer – roughly equivalent to all of Italy''s currently installed storage.
Turnkey energy storage system prices in BloombergNEF''s 2023 survey range from $135/kWh to $580/kWh, with a global average for a four-hour system falling 24% from last year to $263/kWh.
Supply, Installation, Commissioning and Integration of VRFB (Vanadium Redox Flow Battery) Storage System of 600kw/3000kwhr at NETRA, NTPC Greater Noida (Domestic Competitive
Artist''s concept drawings of how VSUN''s residential flow battery could look. Image: VSUN. The government of Victoria, Australia, has opened a round of funding for
Clean Horizon has released its latest Energy Storage Price Forecast for Italy, providing valuable insights into one of Europe''s most dynamic emerging markets for battery
The planning, construction, and layout of new energy storage will be more scientific and reasonable. The report states that in the future, new energy storage on the power side will rely
A type of battery invented by an Australian professor in the 1980s is being touted as the next big technology for grid energy storage. Here''s how it works.
Vanitec is the only global vanadium organisation. Vanitec is a technical/scientific committee bringing together companies in the mining, processing, research and use of vanadium and vanadium-containing.
Sichuan Xuteng Battery Energy in Panzhihua in southwest China''s Sichuan province has signed an agreement with the local government to build a research and
This document analyzes available electric storage technologies and identifies reference technologies, those deemed feasible and capable of meeting identified electric storage demands.
A review of vanadium redox flow batery (VRFB) market demand and costs OVERVIEW suit of energy security and achieving its net-zero objective by 2050. As South Africa grapples with a
California''s largest VRFB project to date, supplied by Japan''s Sumitomo Electric Industries (SEI), has been participating in wholesale market opportunities since 2018. Image: SDG&E / Ted Walton. Four new grid-scale
The U.S. Department of Energy''s (DOE) Energy Storage Grand Challenge is a comprehensive program that seeks to accelerate the development, commercialization, and utilization of next
The U.S. Department of Energy''s (DOE) Energy Storage Grand Challenge is a comprehensive program that seeks to accelerate the development, commercialization, and utilization of next-generation energy storage
Vanadium redox flow battery (VRFB) is one of the most promising battery technologies in the current time to store energy at MW level. VRFB technology has been
MACSE will promote the development of new storage capacity, which is functional for effective integration of renewable sources into the system, also in order to reduce
The future of long-duration energy storage is looking brighter than ever, with vanadium redox flow batteries (VRFBs) set to play a crucial role. According to recent
Introduce energy storage and highlight its significance within the global energy transition Emphasise why this is important for mineral-oriented industries, for South Africa in particular
Terna’s thinking The date is set. The first of Italy’s new energy storage capacity procurement auctions (MACSE) will take place on September 30, 2025, Terna’s president for grid development strategies, Francesco Del Pizzo, has confirmed.
The Italian legislator has acted to guarantee a long-term supply system of new storage capacity by introducing a mechanism based on competitive, transparent and non-discriminatory auctions. The system recognises the right to an annual remuneration, in exchange for the provision of the awarded capacity as part of the national energy market.
The Commission adopted in March 2023 a list of recommendations to ensure greater deployment of energy storage, accompanied by a Staff Working Document, providing an outlook of the EU's current regulatory, market, and financing framework for storage and identifies barriers, opportunities and best practices for its development and deployment.
