Chile looks set to pass major legislation incentivising the deployment of energy storage, after a draft bill passed the Senate yesterday.

The mismatch between supply and demand for lithium batteries presents a challenge to the global transition to sustainable energy.

The Ministry of Economic Affairs and Employment in Finland has granted €19.5 million (US$19.3 million) to a hybrid plant project combining wind, solar and 25MW/50MWh of battery storage.

FlexGen signed a multi-year, 10GWh battery storage supply deal with CATL, the world’s biggest lithium-ion manufacturer, a couple of weeks ago.

Equinor has approved the final investment decision of its first battery energy storage asset in the UK.

The New Jersey Board of Public Utilities has proposed a number of policies to incentivise the deployment of standalone energy storage, to help hit a 2GW target.

Form Energy has raised US$450 million from investors including ArcellorMittal, bringing the startup’s total investment to US$800 million.

Asset manager Foresight Group has invested in a co-located 1.6GWh pumped hydro energy storage and wind project in Scotland.

Global system integrator Fluence will deploy a 250MW ‘Grid Booster’ battery energy storage system for transmission system operator (TSO) TransnetBW, one of two such projects planned in Germany.

Australia’s national Clean Energy Finance Corporation has invested to help a 100MW/200MWh battery storage project reach financial close.