Greenvolt secures 499MWh project in Italy’s battery storage auction

Core Insights - Greenvolt Group, through its subsidiary Greenvolt Power, has won a significant battery energy storage system auction in Italy, securing a 15-year indexed tariff for a 499MWh project [1][2] - The project, with an estimated capacity of 75MW/600MWh, will be Greenvolt's first eight-hour Li-ion battery system and is expected to be one of the largest long-duration storage projects in Europe [2][4] - The auction was highly competitive, with demand exceeding supply by more than four times, awarding a total of 10GWh of storage capacity against over 40GW of submissions [2][3] Auction Details - The auction was organized by Italy's grid operator TERNA as part of the Electric Storage Procurement Mechanism (MACSE) initiative, aimed at enhancing system flexibility and promoting decarbonization in Italy's power sector [1][3] - The awarded capacity in the South & Calabria area is expected to be operational by 2028, with two additional auctions planned to achieve 70GWh of operational capacity by 2030 [3] Company Positioning - Greenvolt Group is recognized as a leading player in the battery sector in Europe, emphasizing the importance of batteries for grid stability amid the expansion of renewable energy [4] - The company has a total portfolio of 14.1GW across 19 countries, including 4.7GW of battery energy storage system projects [4]