Independent power producer (IPP) Grenergy has reached financial close on phase one and two of its Oasis de Atacama BESS and solar project in Chile, which will eventually reach 4.1GWh.

Queensland Hydro has launched a public consultation phase for its 2GW Borumba Pumped Hydro Project in Australia.

The government of the Philippines will begin a competitive solicitation process for variable renewable energy (VRE) paired with energy storage before the end of 2024.

The energy storage market in Ireland continues to show strong growth potential. While still in the early stages of site construction, new additions are now providing a strong uptick in activity. 

The European Bank for Reconstruction and Development (EBRD) will provide up to US$229.4 million to ACWA Power to develop a 200MW/500MWh solar-plus-storage project in Uzbekistan.

The Provincial Electricity Authority (PEA) of Thailand will assess the feasibility of energy storage business models in partnership with a subsidiary of state-owned oil & gas company PTT Group.  

Energy storage developer Pacific Green has agreed to acquire two large-scale in-development battery energy storage system (BESS) projects in Poland, Europe.

The New York Public Service Commission (PSC) has approved plans to guide the state to its 2030 energy storage policy target, including solicitations for large-scale battery storage.

Rankings by EY of the most attractive markets for renewable energy investment include battery storage, with US, China and UK as frontrunners.

A 25MW/55MWh battery energy storage system (BESS) has been commissioned by operator Renalfa IPP, using technology provided by Chinese firms Hithium and Kehua.