Cubico and Storaltil Join Forces to Power Italy's Grid

• Cubico Sustainable Investments and Storaltil Srl join forces to develop 1 GW of battery energy storage projects in Italy, targeting grid congestion and boosting utility-scale electricity storage capacity.

Renewables investor Cubico Sustainable Investments and Italian company Storaltil Srl have formed a joint venture to develop over 1 GW of battery energy storage system (BESS) projects in Italy. The partnership will leverage Cubico's project development expertise in Italy and Storaltil's technical experience in energy storage. The projects will primarily be located in areas with grid congestion issues. The initial phase of the JV will include four projects, with two schemes from Cubico with a combined capacity of 150 MW. The alliance aims to address Italy's need for new utility-scale electricity storage capacity and help tackle grid challenges.

What is the purpose of the joint venture between Cubico Sustainable Investments and Storaltil Srl in Italy?

• The purpose of the joint venture between Cubico Sustainable Investments and Storaltil Srl in Italy is to develop over 1 GW of battery energy storage system (BESS) projects.
• The partnership aims to leverage Cubico's project development expertise in Italy and Storaltil's technical experience in energy storage.
• The projects will primarily be located in areas with grid congestion issues, addressing Italy's need for new utility-scale electricity storage capacity.
• The initial phase of the joint venture will include four projects, with two schemes from Cubico having a combined capacity of 150 MW.
• The alliance aims to help tackle grid challenges in Italy and contribute to the country's transition towards renewable energy sources.