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Blog - Latest News
Italy Grid Storage

Italy Grid Storage Sector to Expand

April 12, 2019/in In the News/by Gray Leigh

Clean Energy Transition Means Italy Grid Storage Sector Must Grow

Italians know the effects of climate change more than most. Currently, the city of Venice is constantly under environmental threat. As a result, water levies have been installed along the city’s perimeter. However, this solution isn’t permanent. Instead, the nation’s power transmission head recommends growing Italy grid storage capabilities.

READ: Germany Commits to Clean Energy

Grid storage technology uses lithium-ion batteries to power entire building complexes.  The technology is already widely used in India. Currently, over 2 million Delhi residents receive power from a grid storage project.

However, Italy has a long way to go. Reports state the country will need 6 gigawatts of storage by 2030. Meanwhile, it owns just 4.8.

A Zero-Emission Future Goes Through Lithium-Ion

Italy Grid StorageUnfortunately, this involves a $7 billion investment. Luckily, utility behemoth Terna could front the money.

Today, almost 50% of the country’s energy comes from gas. Obviously, this violates the standards set by the Paris Climate Accord.

Furthermore, the country will benefit enormously from a reduction in carbon emissions. Granted, European countries are often hampered by their neighbours pollution behaviour. Nevertheless, a transition to renewables will improve air quality and reduce the environmental impact of climate change on the average Italian.

International Push for Renewables

Italy Grid StorageAdditionally, the Italian power transmission network also recommends hydroelectricity.

Italy’s desire to clean energy isn’t an anomaly. Evidently, most of the world’s largest automakers and governments embrace a collective push to clean energy technologies.

Even the Trump Administration is on board. It may revive its expired electric vehicle tax credit.

As global carbon emissions rise, lithium-ion batteries are increasingly leaned on to supply zero-emission storage solutions. Evidently, Italy is aware.

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Ultra Lithium Inc. A team of lithium experts with a finger on the pulse of clean energy news, Ultra Lithium is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

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LATEST NEWS

  • Ultra Lithium Inc. Closes Private PlacementAugust 11, 2023 - 5:30 am
  • Ultra Lithium Sells Laguna Verde for Share Stake in Power MineralsMay 17, 2023 - 5:00 am
  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am

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Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

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