Investing in Electricity Storage – Challenges and Solutions for the Stakeholders in Order to Achieve the EU 2030 Targets

On 31 May 2023, Elettricità Futura and EASE held a joint Networking event in Catania to discuss the investment solutions needed to foster the growth in energy storage projects and ultimately to make the EU flexibility targets achievable.

The panel was opened by Patrick Clerens, Secretary General, EASE, and Eliano Russo, Head of 3Sun Gigafactory, Enel Green Power and saw the participation of Gintautas Baranauskas – InvestEU, European Commission, Silvestros Vlachopoulos – Senior Analyst at LCP-Delta, Giuseppe Cicerani – Head of Business Development Energy Storage, Enel Green Power, Luca Monello – Project Development & Asset Management Specialist, Tages Capital, Riccardo Frigerio – Normative and Regulatory Affairs, Elettricità Futura, with the moderation from Edoardo Storti, Head of EU Affairs & Studies, Elettricità Futura.

During the panel, the speakers covered several key topics: the role of the EU programs, primarily InvestEU, that help market players achieve the necessary funding to start new electricity storage projects; the current situation of the electricity storage market and the main drivers that will have an effect on its evolution; the importance of the evolution of the regulatory framework in order to support the installation of new storage capacity and an overwiew on electricity storage in the Italian electricity market; the opportunities and advantages that storage systems can bring to RES producers.

A special thanks goes to Enel Green Power and Enel X for allowing a visit at the Storage-X Lab and a virtual tour and presentation of the 3Sun Gigafactory.