Grid constraints have prevented Chile from maximising the potential of its world-class solar resources. Energy storage has, therefore, become a necessity to ensure the financial viability of PV projects.

The UK government has not ruled out changing grid access rights for new energy storage projects as part of its REMA reforms, a potential move that consultancy AFRY and investor Copenhagen Infrastructure Partners (CIP) discussed with Energy-Storage.news.

Executives from investor Copenhagen Infrastructure Partners discussed its three BESS projects in Scotland totalling 1.5GW/3GWh which have all now reached FID, the largest BESS in Europe to do so.

Grenergy has raised financing for the fourth phase of a solar-plus-storage project in Chile set to feature 11GWh of battery storage capacity when completed.

A green energy subsidiary of Japanese conglomerate Marubeni has brought online a megawatt-scale battery storage demonstration project in Vietnam.

National deployment targets should be set for energy storage technologies, the International Renewable Energy Agency (IRENA) Coalition for Action has said.

The Australian Energy Regulator (AER) said increased energy storage capacity will be essential to manage daily and seasonal variations in output on the National Electricity Market (NEM).

Battery energy storage systems (BESS) will play an important role in reducing curtailment issues Chile has been facing in 2024, keynote speakers said at the third edition of Solar Media’s Energy Storage Summit Latin America 2024 today.

The EU could save €9 billion a year in gas costs by deploying BESS to capture excess wind and solar, according to think tank Ember.

Developer Kona Energy has been granted consent for the construction and operation of its Smeaton BESS project in Scotland, which will total 228MW/456MWh of energy storage capacity.