Octopus Energy and Nexta Capital Partners have announced the creation of a joint venture in the Italian energy storage market. The JV is set to develop up to 1.5GW of commercial scale battery storage systems across multiple projects, mainly in the south of the country. This will help Italy meet its decarbonisation goals, with the aim of having 65% of the country's electricity from green energy by 2030. Octopus Energy has also committed to investing €1bn in Italy by 2030. The agreement builds on the existing partnership between Octopus Energy Development Partnership and Nexta to develop wind and solar farms in Italy.