Octopus Energy Generation and ZE Energy have partnered to invest in a standalone battery energy storage project in Campania, set to become the largest of its kind in south-central Italy.
The two firms are investing an undisclosed amount in the Sessa Aurunca project, which was developed by ZE Energy.
The site is in the final stages of development, with construction scheduled to commence this summer ahead of expected operations by 2028.
Octopus is making the investment on behalf of the Sky fund it manages.
Alex Brierley, co-head of Octopus Energy Generation’s fund management team, said: “Wind and solar are the cheapest form of energy, but too often this clean, cheap energy goes to waste. Batteries fix that.
“They soak up every spare electron and release them when needed, cutting waste and bringing bills down for people. That’s why this project is so important for Italy.”
Nicolas Wolff, CEO of ZE Energy, said: “With its ambition of reaching 10GW of battery capacity and 80GW of solar PV by 2030, Italy is a key country in our 2030 strategic plan.
“Our conviction is simple: solar will only be able to scale up if it is combined with storage solutions capable of better integrating it into the grid, making it more dispatchable and improving its value. This partnership with Octopus Energy Generation is a tremendous accelerator that will help us reach our target of 1.5GW of installed capacity by 2030.”
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