GREENER: decarbonisinG the eneRgy systEm by incEntivising eNergy storagEs in the Right place
Funding body: PNRR - Missione 4 "Istruzione e Ricerca" - Componente 2 "Dalla Ricerca all'Impresa" Investimento 1.2 "Finanziamento di progetti presentati da giovani ricercatori"
Funding amount: €150.000
Project duration: 24 months (start date 1st January 2023)
Principal Investigator: Dr Iacopo Savelli
Globally, up to $3 trillion must be invested in large-scale energy storages, which are a key enabler to reach net-zero carbon emissions by 2050, and the way we build this infrastructure can have a huge impact on whether the green transition will succeed or not, with severe economic, social, and environmental consequences in case of delay.
This project aims at:
- demonstrating the carbon emissions savings possible by optimally locating and operating large-scale energy storages to avoid curtailment of renewables and additional fossil fuel generation;
- assessing the potential benefit for society in terms of increased social welfare;
- proposing policy recommendations and new incentive mechanisms to inform regulators and policymakers.