New market rules will encourage investment in energy storage as a key component of Thailand’s national energy vision, according to the country’s energy ministry.

The Queensland government has reportedly shelved the proposed AU$6 billion (US$4 billion) Mt Rawdon pumped hydro project, ending state support for a mine-repurposing scheme that had attracted AU$50 million in government funding.

The Argentinian Government has awarded 700MW of battery energy storage system (BESS) in its latest tender, AlmaSADI, covering the entire country.

According to a leaked draft of its Electrification Action Plan, the European Union (EU) must deploy 200GW of energy storage by 2030 to meet energy system flexibility needs.

Australia’s AEMC is consulting on minimum system load in the NEM, with battery energy storage investment at the heart of the debate.

Peak Energy, ESS Tech Inc, and Unigrid have made recent announcements advancing sodium-ion energy storage technology in the US and Europe.

Victoria’s State Electricity Commission (SEC) and Italian clean technology company Energy Dome have announced plans to develop the state’s first long-duration energy storage (LDES) facility.

A 19.8MWh battery energy storage system (BESS) is to be added to an existing solar-plus-storage facility in the Republic of Palau, with Australian development finance backing the expansion of one of the Western Pacific’s flagship hybrid renewable energy projects.

HMC Capital has launched Illuma Energy, a new identity that brings together the ASX-listed asset manager’s energy investment, development and operating activities under a single platform.

Independent power producer (IPP) Opdenergy has closed a US$227 million financing for its operating renewable energy portfolio in Chile.