Business
Italy awards all battery storage tendered at price well under cap
Italy awards all battery storage tendered at price well under cap
About this update from Terna S.p.a.
Italy awarded all the 10 gigawatt-hours of battery storage capacity it tendered in its first-ever auction, recording an average price of around 13,000 euros per megawatt hour, the chief executive of grid operator Terna MIL:TRN said on Wednesday.The auction marks a key step in the country's push to integrate more renewable energy into its grid.Italy's energy authority set a cap of 37,000 euros per MWh for the tender.