More than three GW of battery storage projects with a combined value of $3.7 billion are in competition for government funding through the Australian Renewable Energy Agency (ARENA). ARENA today announced that 12 projects had been invited to submit full applications to a Large Scale Battery Storage funding Round which will support grid scale batteries to be equipped with advanced inverter technologies. Advanced inverters, also known as grid-forming inverters, enable batteries to provide essential system services traditionally provided by synchronous generation such as coal or gas.