Highview Enlasa, the 50/50 joint venture between Highview Power, a global leader in long duration energy storage solutions, and Energía Latina S.A.-Enlasa, the largest backup power generation provider in Chile, announced that it is developing the first liquid air long duration energy storage project in Chile. This 50MW/500MWh (10 hours) CRYOBattery™, which represents an estimated investment of USD 150 million, will be located in Diego de Almagro in the Atacama Region. With one of the highest solar irradiations in the world, the Atacama Region has the potential to generate all the country's electricity. By pairing solar with cryogenic energy storage, Chile can benefit from 24/7, 100% renewable energy. Engineering, procurement, and construction (EPC) on the project will be carried out by SK Ingeniería y Construcción, a leading Chilean EPC and a subsidiary of the Sigdo Koppers group. The project is currently in the pre-feasibility engineering phase and is scheduled to enter environmental processing in August of this year. Construction is estimated to start in the second half of 2023. The Highview Enlasa joint venture is opening Latin American energy markets to baseload renewable energy potential. When paired with renewable energy sources such as solar, Highview Power’s long duration energy storage system is equivalent in performance to thermal and nuclear power. CRYOBatteries™ are developed using proven components from mature industries and can deliver pumped-hydro capabilities without geographical constraints. Highview Power’s proprietary cryogenic energy storage technology utilizes air liquefaction, in which ambient air is cooled and turned to liquid at -196 °C (-320 °F). The liquid air is stored at low pressure and later heated and expanded to drive a turbine and generate power. It is the only long duration energy storage solution available that is locatable and can offer multiple gigawatt-hours (weeks) of storage. The CRYOBattery™ has a small footprint and is scalable with no size limitations or geographic constraints, allowing for the deployment of massive amounts of renewables. Highview Power’s cryogenic energy storage plants offer valuable capabilities including voltage control, grid balancing and synchronous inertia that give grid operators the flexibility to manage power and energy services independently.