ERG enters storage market with two projects for a total capacity of 22 MW

Genoa, 23 February 2022 – ERG has been awarded 14 MW of capacity (CDP – Capacity Available in Probability) for energy storage systems in the Capacity Market auction held by Terna for the Italian market on 21 February.

Specifically, this regards two electrochemical storage plants for a total of 22MW of installed capacity for the Centre-South Area and the Sicily Area, respectively of 10 MW (6 MW of CDP) and 12 MW (8 MW of CDP) . The two projects are currently in the authorisation phase. They will be constructed near two operating ERG wind farms at Ginestra degli Schiavoni in Campania and at Vicari in Sicily. The auction price is 33.467 k€/MWCDP/year, for a duration of 15 years, starting from 2024.

Storage systems provide dispatching services playing a key role in balancing the Italian grid, supporting an increasing penetration of renewables.

Paolo Luigi Merli, Chief Executive Officer of ERG, commented: “ERG enters the storage market, making a first concrete step in the direction of innovation, a few months after the announcement of the seeding in innovation project with regard to the 2021-2025 business plan, which represents ERG’s commitment to scouting for new business opportunities. Energy storage systems are key to supporting and accompanying the development of renewable energy sources towards decarbonisation targets at national and EU level.”

Contacts:

Emanuela Delucchi Chief ESG, IR & Communication Officer – tel. + 39 010 2401806 – e-mail: edelucchi@erg.eu - ir@erg.eu

Anna Cavallarin Head of External Communication - tel. + 39 010 2401804 mobile + 39 3393985139 e-mail: acavallarin@erg.eu

Matteo Bagnara Head of IR - tel. + 39 010 2401423 – e-mail: ir@erg.eu