Will Italy be a leader in battery storage in Europe?

According to SolarPower Europe's forecast, Italy will be at the forefront of large-scale battery storage in Europe over the next four years. Grid storage systems in particular will benefit from the rapidly growing demand for balancing the fluctuating electricity production resulting from the strong expansion of renewable energies.

What is a battery energy storage system?

Battery Energy Storage Systems (BESS) are particularly versatile, with applications ranging from short-to-medium-term utility-scale grid support to commercial and industrial installations. Additionally, emerging technologies like thermal storage and flow batteries offer promising solutions for longer-duration storage.

Why are residential solar PV installations declining?

Regulatory adjustments: Some markets traditionally dominated by the residential segment have had to adjust the scope of their solar PV funding schemes. This shift, coupled with heightened economic pressure on residential consumers, has led to a decline in residential installations.