During the opening address of Energy Storage Summit Latin America 2025, in Santiago, Chile, the Chilean Minister of Energy Diego Pardow Lorenzo said the country was most likely set to surpass its 2050 targets in 2027.
Octopus Australia has acquired the Coleambally battery energy storage system (BESS), a 100MW/400MWh standalone project in development located in southern New South Wales.
Energy storage developers are securing significant capital and strategic partnerships, with ESS Inc launching a 50MWh iron flow battery pilot, Energy Vault closing a US$300 million investment, and NineDot obtaining US$175 million in debt financing.
The value of developers and optimisers in the BESS lifecycle, thinking about long-term risk and KPIs for maximising the asset have been key themes at the Battery Asset Management Summit UK & Ireland 2025.
A flurry of grid-scale BESS project progress totalling more than a combined 1.5GWh in the past week, from Renalfa in Bulgaria, Engie in Romania, Nala Renewables in Finland and Metlen in Greece.