What is the latest progress of gravity solar container in asuncion

In late 2024, Paraguay’s ambitious Asuncion Gravity Energy Storage Project —a $220 million initiative designed to stabilize the national grid using gravity-based technology—was abruptly suspended. 100 massive concrete blocks, each weighing as much as 10 adult elephants, dancing to the rhythm of Paraguay's electricity demand. This isn't a sci-fi movie plot - it's the revolutionary Asuncion 100 gravity energy storage project currently under construction. Unlike traditional battery farms that could make your smartphone jealous with their chemical complexity, this system uses good old gravity and clever engineering to keep. The CAES project is designed to charge 498GWh of energy a year and output 319GWh of energy a year, a round-trip efficiency of 64%, but could achieve up to 70%, China Energy said. Source: PV Magazine LATAM [pdf] How does Costa Rica produce electricity?Costa Rica was one of the first countries in the world. With an investment of approximately $300 million, the project is slated for completion by the end of 2026.