Business · Energy & Commodities · 5 hrs ago

BW ESS plans more than €1bn in battery projects in Italy

BW ESS plans more than €1bn in battery projects in Italy

Battery storage company BW ESS is expanding in Italy with a portfolio it says could attract more than €1 billion in investment.

It has projects under construction with a combined capacity of about 200 megawatts and 1.4 gigawatt-hours.

The company also has 1 gigawatt of fully approved projects, developed through partnerships, which it aims to install by 2030.

BW ESS was founded in 2021 and operates in six countries; it is part of the Singapore-based BW Group.

Ivan Niosi has become BW ESS’s executive director after senior roles at Shell, and will lead its growth in Italy.

The company entered Italy through a partnership with battery-storage developer ACL Energy, which gave it access to a 2-gigawatt portfolio.

BW ESS plans another partnership with a major Italian energy company, to be announced in the coming months.

What people are saying

Ivan NiosiBW ESS executive director
In Italy, we currently have projects under construction for about 200 MW, with a capacity of 1.4 GWh. We also have an additional 1 GW of fully authorised plants, developed through strategic partnerships, with the aim of installing them by 2030: overall, this portfolio is expected to attract more than €1 billion in corporate investment in the coming years.
via Il Sole 24 Ore
The cornerstone principle of this company has always been to grow through partnerships.
via Il Sole 24 Ore
It is really difficult to think that we can be the best in every segment of the value chain; it simply isn’t possible.
via Il Sole 24 Ore

Sources

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