Modo Energy has said that battery energy storage systems (BESS) in Australia’s National Electricity Market (NEM) earned an average of AU$148,000/MW (US$92,810/MW) in 2024, a 45% increase year-on-year.

Modo Energy’s Wendel Hortop tells Energy-Storage.news that over 4GW of utility-scale BESS on the NEM will be in commercial operation by 2025.

Tesla has inked an MoU with the Western Australian government to develop a battery re-manufacturing facility in Collie.

Copenhagen Infrastructure Partners (CIP) has issued notice to proceed for Summerfield large-scale battery storage project in South Australia.

Developer Amp Energy has closed project financing for the construction of the first stage of its 500MWh Bungama BESS in South Australia. 

Potentia Energy, a joint venture co-owned by Enel Green Power and INPEX, is set to secure several battery energy storage system (BESS) assets across Australia as part of a 1.2GW portfolio acquisition.

A 350MW wind-plus-storage site in Tasmania, Australia, which features a 600MW/2,400MWh battery energy storage system (BESS), has been granted ‘Major Project’ status by the state’s government.

Tesla and Sumitomo Electric have both been selected to supply energy storage projects in Japan. Tesla will supply Megapacks for a BESS project while Sumitomo will deploy a 12MWh vanadium flow battery.

BNEF analyst Isshu Kikuma discusses trends and market dynamics impacting the cost of energy storage in 2024 with ESN Premium.

A 450MW wind-plus-storage project in Tasmania, featuring a battery energy storage system (BESS) with a capacity of 200-400MWh, has been submitted for approval under the Australian government’s Environment Protection and Biodiversity Conservation (EPBC) Act.