Italy awards all battery storage tendered at price well under cap

Terna Rete Elettrica Nazionale SpA

01/10/2025 12:22

MILAN, Oct 1 (Reuters) - 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 TRN.MI 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.

 (Reporting by Francesca Landini and Giancarlo Navach; writing by Francesca Landini, editing by Gavin Jones)

 ((francesca.landini@thomsonreuters.com; +39 02 66129437; Reuters Messaging: reutersitaly.thomsonreuters@reuters.net))