Australia’s MGA Thermal has secured AU$17 million (US$12 million) in new investment for its long-duration thermal energy storage technology as it enters the commercial scale-up phase.
Australia’s battery energy storage sector faces mounting operational pressures, following the Australian Energy Market Operator (AEMO) issuing its latest direction to AGL’s Torrens Island battery energy storage system (BESS) on 9 March.
Construction has officially commenced on a network upgrade in Australia’s New South Wales Upper Hunter region, which is set to boost transfer capacity by at least 1GW by 2028, in support of the state’s renewable energy transition.
The Australian government is reportedly exploring additional modifications to its Cheaper Home Batteries Program, including the possibility of an early wind-up, as the government seeks budget savings ahead of the May federal budget.