Indian solar PV module manufacturer Saatvik Green Energy is to enter the energy storage market through a newly launched subsidiary.

Vena Energy has signed a long-term revenue share agreement with Danish energy trading company InCommodities for its 204MW/510MWh Bellambi Heights battery energy storage system (BESS) in Central West New South Wales, Australia.

A collaborative team of Australian scientists from CSIRO, the University of Melbourne and the Royal Melbourne Institute of Technology (RMIT) has successfully developed and tested the world’s first proof-of-concept quantum battery system.

“When we started back in two years ago, there was a lack of understanding in the market about how the grid-forming inverters operate,” said Ghasem Jahedi, principal grid engineer at AGL.

With AI at its core, Chinese solar and storage firm Sigenergy is redefining the industry’s next chapter with a state-of-the-art gigafactory.

The price of BESS has fallen steadily in the past few years, but recent events look set to slow or event reverse that trend at least in the short term. Video interviewees at last month’s Energy Storage Summit 2026 shared their views on the topic.

Australia’s New South Wales now requires 56GWh of storage by 2030, amounting to 40% more than projected just six months ago.

A total of 6.9GW/17.1GWh of grid-scale BESS came online last month, as per the most recent figures from Benchmark Mineral Intelligence.

Executives from BW ESS, R.Power and Econergy, IPPs building large-scale BESS across Europe and Australia, recently sat down for video interviews at the Energy Storage Summit 2026 in London.

Professor Tim Nelson has urged energy storage developers and market participants to actively engage in implementing sweeping market reforms.