Core Insights - Inversiones BlackGroup has submitted a large-scale Battery Energy Storage System (BESS) project for environmental assessment in Chile, with an investment of $220 million [1] - The project is designed to have a storage capacity of 1409 MWh and a rated power of 350 MW, capable of providing sustainable power for 4 hours [1] - The project aims to store surplus renewable energy during off-peak hours and return it during peak demand, enhancing the stability and efficiency of the national grid [1] - The expected completion and operational date for the project is 2027, with a design lifespan of 27 years [1] Project Details - Location: Arica Region, Camarones City [1] - Infrastructure: Includes a 220/33 kV substation and a 105-meter long underground transmission line with a voltage of 1x220 kV [1] - Purpose: To reduce energy waste and improve grid stability by utilizing renewable energy [1]