We catch up with the CFO and co-founder of German BESS own-operate platform Terra One, after its €150 million (US$173 million) mezzanine financing to scale up in Europe’s hottest energy storage market.

Thermal energy storage (TES) technology company Kyoto Group’s latest project will displace the use of natural gas at a corn processing plant in Hungary, Europe.

Spanish IPP Grenergy has begun construction on a 340MW solar project with 960MWh of energy storage in El Cabrero, located in Chile’s Biobío region. 

Developer Epic Energy has commenced commercial operations at its 100MW/200MWh Mannum battery energy storage system (BESS) in South Australia.

Battery storage equipped with optimisation platforms not specifically designed for Australia’s NEM missed revenue opportunities during the 10 October price spike, according to Sahand Karimi, co-founder and CEO of OptiGrid.

Chinese lithium-ion OEM Hithium will push forward with its planned IPO on the Hong Kong Stock Exchange (HKEX).

A total of 49.4GW/136.5GWh of grid-scale BESS came online in the first nine months of the year, up 36% compared to the same period in 2024.

Australia’s most powerful BESS, the 850MW Waratah Super Battery, achieved its first full discharge to the NEM last week.

Queensland’s Energy Roadmap 2025 suggests that by 2030, up to 4.3GW of short-duration energy storage could be operational.

On 10 October, electricity prices in New South Wales, Australia, reached the Market Price Cap of AU$20,300/MWh (US$13,307/MWh).