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Innergex secures $156 million for storage, refinancing in Chile
A $156 million package will fund two standalone battery storage projects in northern Chile and refinance part of Innergex's existing portfolio of wind, hydropower, and solar assets, with DNV providing market due diligence for lenders.
21 hours ago
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Australian green bank backs 1 GW battery network in first deal
New South Wales Energy Security Corp. has made its first investment, committing AUD 100 million ($710 million) to support a battery platform expected to grow to 1 GW of capacity by 2031. The funding will support the construction of four grid-scale battery projects to be delivered by Plus Grid Storage, an offshoot of electricity distribution […]
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Relectrify inverterless storage system fast tracked with $25 million ARENA backing
Victoria-headquartered battery technology company Relectrify has received $25 million ARENA backing to help deploy it’s CellSwitch inverterless technology, which promises to deliver 20% more energy over a battery system’s lifetime.
Future-proof or fail: how battery storage projects can thrive in Germany
Germany’s battery storage boom is real but so are the bottlenecks. As capital pours in and gigawatt-hour-scale projects near launch, grid connection delays and regulatory uncertainty are threatening to dampen momentum. At the 3rd BVES Investor Summit in Berlin, more than 500 industry leaders gathered to weigh the hype against the hard realities.
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Energy storage could cut Brazil’s electricity system costs 16% in 2029
Storage is essential to expand renewables penetration and ensure grid flexibility, according to a study by consultants PSR. Regulatory and tax barriers still limit the sector, however, and new revenue sources are needed to make projects viable.
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Australia backs big batteries amid coal exit
Utility-scale batteries are meeting the challenge of guaranteeing network reliability during the clean energy transition with Australia having surpassed the United Kingdom to become the third-largest market for large-scale battery energy storage systems (BESS), behind China and the United States.
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