A consortium of developers has secured $1.3 billion in debt financing for the utility infrastructure of the Red Sea project, which is under construction at a mega resort off the coast of Saudi Arabia and plans to deploy the world's largest off-grid,media reported.

According to reports, the Australian state of New South Wales recently said it planned to deploy a large-scale battery energy storage project and opened a competitive procurement process for the 700MW/1,400MWh battery energy storage system called Waratah Super Battery.