Axpo and Zelestra Collaborate on 207 MW Battery Energy Storage Project in Italy

Axpo and Zelestra Collaborate on 207 MW Battery Energy Storage Project in Italy

Swiss utility Axpo has signed a long-term agreement with renewable energy developer Zelestra for a 207 MW battery energy storage project in northeastern Italy. The project, with a total capacity of 830 MWh, will play a crucial role in supporting grid stability and integrating renewable energy sources.

10-Year Physical Tolling Agreement

The 10-year physical tolling agreement between Axpo and Zelestra ensures that Axpo will offtake the power generated by the battery storage system. This model allows Zelestra to focus on project development and operation, while Axpo secures a stable source of clean energy.

Implications for ESG Compliance and Enterprise Software

• ESG Reporting: This project contributes to Axpo's and Zelestra's ESG goals by increasing their renewable energy capacity and reducing their carbon footprint.
• Carbon Accounting: Enterprise software solutions can help track and verify the carbon emissions avoided through this battery storage project, supporting companies' Scope 2 emission reduction targets.
• CSRD Compliance: The Corporate Sustainability Reporting Directive (CSRD) requires large companies to disclose their impact on issues like climate change. This project demonstrates a tangible action towards meeting these disclosure requirements.

The collaboration between Axpo and Zelestra underscores the growing importance of battery energy storage in supporting Europe's energy transition and achieving its climate goals. As more such projects come online, enterprise software solutions will play a vital role in tracking, managing, and reporting their environmental and financial impacts.