ENGIE’s Hazelwood battery energy storage system (BESS) expansion in Australia has moved closer to financial close after a state transmission declaration.

Australian battery energy storage system (BESS) developer Akaysha Energy has refinanced its project debt into an AU$1.75 billion (US$1.22 billion) portfolio-level facility.

Four-hour battery storage is less expensive than open-cycle gas turbines in the 43 markets in which both technologies were modelled, according to a new report from market research firm Wood Mackenzie.

Energy storage is becoming an indispensable new-type power system infrastructure, CATL CEO and chairman Robin Zeng said in an industry speech last week.

New Zealand energy storage company ArcActive has switched on a pilot lead-acid BESS in Victoria, Australia, with support from Origin Energy.

US energy storage developer Flatiron Energy has closed on approximately US$850 million for its 1,200MWh Energizar energy storage project in Chelsea, Massachusetts, US.

A trio of large-scale 4-hour BESS projects in Germany have progressed towards construction, from Enertrag and Enlight, Vattenfall and Fluence, and Giga Storage.

VSL PowerHive, a Vikram Solar subsidiary, announced a 7.5GWh BESS assembly plant in Oragadam, near Chennai, Tamil Nadu.

Australian energy company AGL has referred a 500MWh battery energy storage system (BESS) in Queensland to the federal government under Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.

Around 20.4GWh of grid-scale battery energy storage systems (BESS) came online globally last month, bringing the year-to-date (YTD) total to 208GWh.