Australia’s MGA Thermal has secured AU$17 million (US$12 million) in new investment for its long-duration thermal energy storage technology as it enters the commercial scale-up phase.
Australia’s battery energy storage sector faces mounting operational pressures, following the Australian Energy Market Operator (AEMO) issuing its latest direction to AGL’s Torrens Island battery energy storage system (BESS) on 9 March.
Global long-duration energy storage (LDES) deployment figures soared in 2025, but newer technologies risk being outcompeted by the incumbent, lithium-ion (Li-ion).