Chinese solar PV inverter and energy storage provider Sungrow has announced two major developments: plans for a Hong Kong IPO and the release of its half-year 2025 interim report.

“Battery energy storage systems (BESS) typically change ownership between two and four times during their 40-year lifecycle,” John Sheehy, CEO of Pottinger, said on day two of the Battery Asset Management Summit Australia 2025 this morning.

BESS developer Pacific Green Technologies has secured a AU$77 million (US$49.9 million) debt facility for projects in Australia.

“We’re expecting the results of the Capacity Investment Scheme (CIS) Tender 3 in the coming weeks,” Thimo Mueller, general manager, commercial at ASL, said in the opening keynote of the Battery Asset Management Summit Australia 2025 this morning.

Several new community batteries have been launched in Victoria and Queensland, Australia, to soak up distributed solar PV.

The Australian Energy Market Operator (AEMO) has found battery energy storage systems (BESS) are the most reliable clean energy technology in the National Electricity Market (NEM).

China continued to drive global grid-scale BESS commissioning activity in July, as the technology approaches the global installed gigawatt (GW) capacity of pumped hydro.

State-owned utility Western Power has commissioned five new community batteries in Perth suburbs as part of a federally funded initiative in Western Australia.

A product launch at this year’s EESA Energy Storage Exhibition in China drew attention, discussion and even disbelief, reports Carrie Xiao.

ACE Power has confirmed the sale of the 103MW/206MWh Kerang grid-forming BESS in the Loddon Valley region of Victoria, Australia.