The Italian energy business plans to spend €70 billion on clean energy this decade and also announced plans to invest in e-mobility and grid flexibility, in concert with outside investors.
A few years ago, Europe led the pack in terms of storage deployment but it will soon be overtaken by the U.S. and China, according to Wood Mackenzie analysts, largely because of different policy approaches either side of the Atlantic.
Britain’s renewable energy trade body has published a report examining the state of flexibility market readiness in nine European markets. The result makes for sobering reading for Germany, France and the U.K.
U.K. Power Networks has tendered 18.2 MW of flexible power capacity to six companies across eight regions. With regular feed-in returns hanging in the wind in the U.K., flexibility and peak time management payments could be an alternative source of income for the solar industry.
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