Australia’s minister for climate change and energy, Chris Bowen, has confirmed that the Capacity Investment Scheme (CIS) will be upsized from 32GW to 40GW.
The government of Portugal has announced plans to invest €400 million (US$466 million) to improve its grid management capabilities and increase its battery energy storage system (BESS) capacity.
Energy storage developer and system integrator Energy Vault has successfully closed a US$18 million financing for its Cross Trails battery energy storage system (BESS) project in Scurry County, Texas, US.
Spanish energy firm Zelestra and Portuguese utility EDP have signed what they call the “first” solar-plus-storage power purchase agreement (PPA) in the Spanish renewables market.
As the BESS industry matures, the trend towards a closening relationship between OEMs and project owners looks set to continue, but system integrators will continue to have a role to play.
The New South Wales government has announced plans to launch a new tender seeking 500MW of firming capacity, seeking bids from battery energy storage, gas and virtual power plants (VPP).
Australia’s Clean Energy Finance Corporation (CEFC) has announced it has invested a record AU$4.7 billion (US$3.09 billion) in large-scale renewables, energy storage, and transmission projects during the 12-month period ending 30 June 2025.
Independent power producer (IPP) Arevon Energy CEO, Kevin Smith, speaks with Energy-Storage.news Premium about the importance of community engagement in developing BESS projects.
