Thank you Energy Storage Coalition for the opportunity to attend this event and sharing Greenvolt views with the distingued colleagues in the panel (Dr. Eng. Ana Diaz Vazquez, Dr. Fabio Genoese, Rafael Mallo, Francesco Oppici). Thank you also to SolarPower Europe for the continuous efforts in driving the flexibility agenda.
The Greenvolt Group was present at the European Sustainable Energy Week #EUSEW2024, held last week in Brussels and broadcast worldwide. Our Director of Regulatory Affairs, Sofia Pinto Barbosa, participated in the session “Energy storage + renewables: the proven formula in action,” where it was discussed how replicating successful business cases can facilitate the integration and optimal performance of #storage and renewables, and how industry, government, and the financial sector can collaborate to expedite funding and drive the energy transition. "Integrating high level of intermittent Renewable Energy Sources (RES) at the same time we will be displacing fossil fuel generation capacity will require a wide range of storage technologies. Member States need to assess their flexibility needs and establish storage targets that are adapted to their national circumstances. Long-term secure revenue market mechanisms are critical for creating an attractive environment for battery energy storage investments. One of the main bottlenecks for renewable energy deployment is the grid. In this context, batteries will play a key role by enabling energy shifting and providing essential grid services. Additionally, hybridizing projects can optimize grid use, facilitating faster integration of renewables and enable significant infrastructure savings”, stated Sofia Pinto Barbosa. #EnergyStorage plays a critical role in deploying renewables and achieving environmental and energy goals, that's why we are increasingly investing in these technologies across all business segments: Sustainable Biomass power plants, Utility-Scale and Distributed Generation projects.