Bluefield Storage Development is an Italian company, whose sponsor Bluefield Italia is part of the Bluefield Group, a UK headquartered vertically integrated renewable energy investor that was founded in 2009. Since then, Bluefield has developed, constructed and operated solar, on-shore wind and BESS projects in multiple European countries.Bluefield Storage Development is developing a portfolio of battery energy storage system (BESS) projects connected to Italy’s high voltage distribution network. 

Icecreek Energy

Entering the German Battery Energy Storage Systems market

Strong market for energy storage

Flexibility services are going to be essential for developing the Italian renewable energy market further and allowing renewable penetration to grow. Italy’s energy system is undergoing a rapid transition, driven by one of the highest levels of solar PV penetration in Europe. This is leading to increased variability, local grid constraints and a growing need for flexibility services. These conditions are creating a strong market for energy storage, with BESS set to play a pivotal role in supporting grid stability, facilitating the integration of more renewable energy sources, and participating in Italy’s evolving ancillary services and capacity markets. This environment offers significant opportunities for those capable of deploying storage assets across the country early on.

“The partnership with Bluefield fully aligns with our fund’s strategy", explains Sonja de Ruiter, fund manager of Triodos Energy Transition Europe Fund. "Our first direct investment in Italy, the projects accelerate diversification, offer attractive risk-adjusted returns and deliver meaningful impact by supporting innovative energy storage solutions that are essential for a reliable, zero-emission energy system in Europe”. 

“Triodos Investment Management is one of the institutions with the longest track record of investing in the energy transition and we're happy to have them as partners. We look forward to our collaboration to contribute to the growth of the flexibility market in Italy with high quality portfolio of BESS assets”, says Giovanni Terranova, Chairman of Bluefield Storage Developments.

Battery energy storage: essential in the energy transition

A Battery Energy Storage System (BESS) is an advanced technology that uses batteries to store electrical energy for later use, playing a vital role in the transition to cleaner energy systems. A typical BESS includes key components such as batteries (which hold the energy), a Battery Management System (BMS) that monitors and maintains battery health, and inverters that convert the stored direct current (DC) electricity into alternating current (AC) suitable for homes and businesses.

By capturing and storing surplus electricity - often generated from renewable sources such as solar and wind - BESS allows this energy to be released during periods of high demand or when renewable generation is low. This capability helps to overcome the intermittent nature of renewables, making power supplies more stable and reliable. BESS is important in the energy transition because it enables greater integration of renewable energy into the grid, supports grid stability by balancing supply and demand, and can reduce electricity costs by lessening the reliance on expensive peak-power plants and lowering greenhouse gas emissions. Overall, BESS is essential for modernising power systems and supporting a sustainable, reliable energy future.