Finance
Enel, Masdar in preliminary talks over energy storage in Italy
Published by Global Banking & Finance Review®
Posted on May 16, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 16, 2025
1 min readLast updated: January 23, 2026
Enel and Masdar are exploring energy storage development in Italy, building on their renewable energy partnership in Spain.
MILAN (Reuters) -Enel and Abu Dhabi's Masdar are in preliminary talks over potentially jointly developing energy storage capacity in Italy, Flavio Cattaneo, the CEO of Italy's biggest utility, said on Friday.
The Italian and Emirati companies already have a partnership for a portfolio of renewable energy assets in Spain and are exploring options to extend their alliance to more countries, Cattaneo said at a business conference in Milan.
He said there was a common understanding with Masdar "to move forward also in other geographies including Italy, where they are interested in batteries and storage systems and we are very happy to have partners".
As Italy increases its capacity to produce energy from renewable sources, it also needs to develop battery storage systems able to release power when solar and wind energy are not available.
Italian power grid operator Terna is due to launch an auction to buy energy storage capacity at the end of September.
(Reporting by Elvira Pollina. Writing by Francesca Landini. Editing by Gavin Jones and Mark Potter)
The main topic is the preliminary talks between Enel and Masdar to develop energy storage capacity in Italy.
The partnership aims to enhance energy storage solutions in Italy, supporting renewable energy reliability.
Terna plans to auction energy storage capacity, which aligns with Italy's renewable energy goals.
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