Global investment firm KKR has announced a strategic partnership with HMC Capital, committing up to AU$603 million (US$423 million) to HMC’s Energy Transition Platform as Australia accelerates its renewable energy deployment and grid modernisation efforts.

State-owned energy company Synergy has completed the 500MW/2,400MWh Collie Battery Energy Storage System (CBESS) in Western Australia, establishing Collie as home to Australia’s largest operational battery energy storage system (BESS).

Home battery storage and virtual power plant (VPP) specialist Lunar Energy has raised US$102 million in an oversubscribed Series D financing round led by B Capital and Prelude Ventures.

E-Storage, Canadian Solar’s energy storage subsidiary and owner and operator Sunraycer Renewables have entered into agreements for the supply and long-term servicing of two battery energy storage systems (BESS) in Franklin County, Texas, US.

The European Investment Bank (EIB) has invested €24 million (US$28 million) in cloud-based battery data analytics provider TWAICE.

Iberdrola Australia has officially opened its 65MW/130MWh Smithfield BESS in western Sydney, New South Wales, ahead of schedule.

NSW concludes Australia’s largest LDES tender, awarding six battery projects 12GWh. Industry calls it “game-changer” for grid reliability.

The NSW government has declared two pumped hydro projects totalling 22,000MWh of storage capacity as critical infrastructure.

Energy storage developer-operator Aypa Power has closed a US$1.5 billion construction warehouse revolving credit facility to advance projects across the US.

System integrator Fluence saw revenue of US$475.2 million in the last quarter of 2025, while its net loss grew around 10% to US$62.6 million.