Recently, under the sunshine of the Campania region in Italy, a groundbreaking ceremony for the future of European energy is quietly being prepared. Octopus Energy from the UK and ZE Energy from France are tightly holding hands as they plan to build a giant battery storage fortress in Sessa Aurunca town. This is not just a cross-border alliance between British and French capital, but also a crucial reinforcement of Italy's fragile power grid. As the summer electricity peak approaches, this 98.5MW mega project is about to break ground, aiming to lay a solid foundation for the energy transition of the Apennine Peninsula.

Lock in long-term agreements to ensure stable returns

The project has received strong support through the MACSE mechanism of Italian power grid giant Terna, successfully securing a 15 year fixed income contract.

As Italy's first large-scale independent energy storage support program, the demand for the first round of bidding far exceeds the supply, and the competition is extremely fierce. The joint acquisition of 42% of the capacity share by British and French companies not only verifies the technical feasibility of the project, but also gives investors a fifteen year reassurance pill.

Sprint goal to fill the gap in energy storage

Currently, Italy is striving to achieve the ambitious goal of 70% renewable energy generation by 2030. However, the intermittency of wind and solar power has always been a pain point for the power grid.

This 895MWh giant power bank can meet the electricity needs of 130000 households when fully charged, effectively absorbing surplus electricity and releasing it in case of power shortages, greatly alleviating the pressure on the power grid, reducing wind and solar power curtailment, and effectively reducing the electricity costs for end users.

Cross border cooperation to deeply cultivate the European market

This cooperation is also a key milestone in the European strategy of the two companies. Keywords: New energy news and information, energy storage infrastructure

Octopus Energy has increased its project reserves in Italy to over 2GW, while ZE Energy has further consolidated its turnkey delivery capabilities. Relying on the advantages of China's well-established solar energy storage industry chain, European developers are accelerating their layout in central and southern regions, building Italy into an important energy hub connecting North Africa and the European continent.Editor/Gao Xue