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Market update 1 October 2026 — Energy

What moved recently in Energy — every item with source and date. Researched and checked by Zeynah.

The news

What happened

Energy

Second Greece–Italy power link (GRITA 2) moves forward

IPTO and TERNA plan 1 GW of additional transmission capacity. Seabed surveys follow in early 2027, tenders for submarine cables and converter stations at the end of 2027, awards in 2028, operation from 2033.

Source: energypress.eu · dated

Energy

Greece: €200m storage subsidy plan expected to launch by year-end

The €200m is split into four €50m budgets: two calls for self-consumption by municipalities and businesses, two competitive tenders for battery-renewable combinations and standalone storage.

Source: energypress.eu · dated

Energy

Vattenfall to market 285 MW German battery portfolio

Vattenfall signed marketing agreements for four battery storage systems totalling 285 MW at four sites in different German balancing zones; three are under construction, the first is scheduled to operate from January 2027.

Source: ESS News · dated

Context

What this means for procurement and projects

Derived from the items above — not a forecast.

From late 2027 there will be procurement demand for submarine cables and converter stations; suppliers can position themselves early.

Municipalities receive 50% coverage of battery costs, creating demand for storage systems, grid connection and installation.

All four projects have reached financial close; ongoing construction implies demand for grid connection, cables and transformer equipment.

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