BlackRock-backed Akaysha Energy has secured AU$460 million (US$299 million) in construction financing for its 311MW/1,244MWh Elaine battery energy storage system (BESS) in Victoria, Australia.

Origin Energy has secured unconditional connection agreements with AEMO for its 300MW/650MWh grid-forming BESS at Mortlake Power Station in Victoria.

India’s energy storage industry is at a turning point as developers, financiers, and policymakers work to define viable business models for the next wave of large-scale battery projects. 

US utility Xcel Energy plans to build the Midwest’s largest battery energy system (BESS) facility at the Sherco Energy Hub in central Minnesota, US.

LG Energy Solution and Stellantis’ joint venture (JV), NextStar Energy, Canada’s first large-scale lithium-ion (Li-ion) battery manufacturing plant, is expanding to produce energy storage system (ESS) batteries.

Utility Osaka Gas and developer Sonnedix are installing what is claimed to be the largest battery storage facility co-located with renewable energy generation in Japan so far.

Australian energy giant AGL has submitted its 500MW/2,000MWh Tuckeroo Battery project for federal environmental approval.

Australia’s Cheaper Home Batteries Program processes 8,000 applications per week, according to Carl Binning of the Clean Energy Regulator.

UK power generator Drax is set to acquire three BESS projects from York-based developer Apatura, with a combined capacity of 260MW.

A double header of Baltic BESS news, with financing secured for two large-scale BESS projects in Estonia and Lithuania’s capex support scheme oversubscribed by 2x.