Renewable energy company Cubico Sustainable Investments has entered into a joint venture (JV) with battery storage developer Storaltil with the aim of developing more than 1GW of battery energy storage system projects in Italy.
The JV will focus four projects in its initial phase with a combined capacity of more than 150MW.
A recent study conducted by Italian grid operator Terna revealed that the country requires nearly 71 GWh of new battery storage by 2030 to meet the European Union’s target of reducing greenhouse gas emissions by at least 55 per cent.
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.”