Australian energy ministers’ agreement to tender for renewable energy and energy storage is a “major breakthrough in federal policy”.

The average cost of a data breach in the energy industry is US$6.39 million for a single incident, according to research published by IBM.

Gotion High-Tech aims to build gigafactory in Thailand targeting the electric vehicle (EV) and stationary storage markets.

New South Wales has pledged financial support to pumped hydro project, while state’s first grid-scale BESS is in full commercial operations.

Uptick in energy storage investment in region still largely powered by coal, experiencing population and energy demand growth.

Eight large-scale BESS projects in Australia have been selected to receive funding support worth AU$176 million.

New Zealand state-owned energy company Meridian Energy has committed to a 100MW battery storage project with BESS to be provided by Saft.

During first China-Arab States Summit, Sungrow signed battery storage supply agreement for Saudi Arabia’s new ‘smart city’ megadevelopment.

Another serving of news in brief from around the world in energy storage.

The hydropower subsidiary of General Electric’s renewables business has installed first pair of 300MW turbines at pumped hydro site in China.