The Chilean arm of France-based multinational utility Engie has started construction on a 68MW/418MWh battery energy storage system (BESS) at an operational solar PV plant.
The Republic of Maldives has launched a tender process, seeking to procure battery energy storage systems (BESS) in an energy transition project supported by Asian Development Bank (ADB) funding.
The International Finance Corporation (IFC) has signed a US$400 million loan to ENGIE Energía Chile S.A. (ENGIE Chile) to fund the installation of new Battery Energy Storage Systems (BESS).
The US National Renewable Energy Laboratory (NREL) has updated its long-term battery energy storage system (BESS) costs through to 2050, with costs potentially halving over this decade.