Two battery storage offtake agreements have been signed in Australia, representing over 2GWh of storage capacity.

The Queensland government has invested AU$48 million to overhaul the ageing 5.7GWh Wivenhoe Pumped Hydro Power Station in Australia.

Australia’s Prime Minister, Anthony Albanese, has increased the country’s emissions reduction target for 2035 to a range of 62% to 70%.

Victoria, Australia, has seen just under 5GWh of battery energy storage systems (BESS) granted approval for development by the state and federal governments.

Green Gravity has signed an agreement with mining company Wollongong Resources to trial its gravitational energy storage in NSW, Australia.

Someva Renewables and AGL Energy have received the federal greenlight to develop a 2GWh wind-plus-storage project in NSW, Australia.

Developer Lightsource bp has commenced construction on a 49MW/562MWh BESS co-located at the 585MWdc Goulburn River solar plant in Australia.

Tesla has issued a product recall on its Powerwall 2 residential battery storage solution across Australia due to a “battery cell defect” from a third-party supplier.

Chang Jae Won of the Korea Smart Grid Association believes companies lack a model for recovering their investment in DC energy storage.

Hydrostor has secured US$55 million in funding from Export Development Canada (EDC) to advance development activities for its 200MW/1,600MWh Silver City Energy Storage Centre project in Broken Hill, New South Wales, Australia.