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Asia & Oceania

Energy Vault claims US$680 million revenue over 2022/23

August 8, 2022
Gravity-based energy storage company Energy Vault expects US$680 million in combined revenue over 2022 and 2023, it claimed in its recent quarterly results.
Design sketch for the project, which will allow dual land use activities, with sheep grazing planned on site. Image: Wirsol.

Wirsol gets New South Wales development approval for 235MW solar plant paired with grid-scale battery storage

August 8, 2022
Wirsol Energy has received development approval for its Maryvale solar and energy storage project in New South Wales (NSW), Australia.
western australia synergy nhoa battery storage

NHOA starts installing Western Australia’s biggest BESS

August 5, 2022
E-mobility and energy storage company New HOrizons Ahead (NHOA) has started installation work on an LFP-based 100MW/200MWh battery energy storage system (BESS) in Western Australia, the state’s largest.
Lake Cressbrook, Queensland. Image: Flickr user Allan Henderson.

Bechtel to work on 4GWh pumped hydro plant with battery storage in Queensland

August 5, 2022
Bechtel has been selected to work on design and planning of a large-scale pumped hydro energy storage (PHES) project in Queensland.
Wallerawang coal power plant, pictured in 2007, closed down in 2014, but New South Wales still has much more work to do to replace coal on its energy networks. Image: Wikimedia user Amitch.

Development approval given for 1,000MWh battery storage at Australian coal plant site

August 5, 2022
The Department of Planning and Environment in New South Wales gave development approval to a proposed 500MW/1,000MWh battery storage project.
Major BESS projects internationally, including the Victorian Big Battery in Australia (pictured) and Zenobe's upcoming project in Scotland are providing inertia via their inverters. Image: Victoria State government.

Australia projects drive trebling of energy storage revenues for Neoen

August 4, 2022
Neoen saw its energy storage revenues triple in the first half of this year, driven by its Victorian Big Battery in Australia.
woodmac us demand energy storage 2031

WoodMac downgrades US demand for energy storage in 2022/23 by one-third

August 3, 2022
Research firm Wood Mackenzie has downgraded its forecasts for US demand for energy storage in 2022 and 2023 by around one-third, in its most recent global outlook report.
FCAS services remain the biggest revenue stream for most BESS assets in Australia, like the Hornsdale Power Reserve (pictured). Image: Neoen.

Upgrade at Tesla battery project demonstrates feasibility of ‘once-in-a-century energy transformation’ for Australia

July 28, 2022
Hornsdale Power Reserve battery storage system in South Australia now has upgraded capabilities, enabling it to provide inertia to the grid.
Illustrative rendering of a solar-plus-storage project with LG ES containerised BESS. Image: LG Energy Solution.

LG Energy Solution: Lockdowns, logistics and materials prices cause dip in profitability

July 27, 2022
LG Energy Solution has seen a drop in its profitability which according to the company’s CFO was largely caused by industry headwinds.
Tesla Megapack BESS units caught fire during testing of the 350MW Victorian Big Battery in Australia. The situation was quickly brought under control and only two Megapacks out of more than 200 on site were consumed by flames. Image: Country Fire Association.

National Fire Protection Association affiliate surveys risks and mitigation for battery storage

July 27, 2022
Stakeholders have a few days left to take part in a survey on lithium-ion based battery storage system safety.

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