Charlotte Gisbourne, market analyst at PV Tech Research discusses trends and movements in the Q1 2025 edition of the EnergyStorageTech Bankability Ratings report.

NHPC India has launched a tender for solar-plus-storage, aiming to secure 1.2GW of solar PV capacity alongside 600MW/2,400MWh of storage.

Elgin Energy has seen a 330MW solar-plus-storage site featuring a 250MW/500MWh BESS fast-tracked by the Victoria government in Australia.

Allegro Energy has revealed what it claims is Australia’s first locally manufactured microemulsion flow battery (MeFB) suited for LDES.

Finnish marine and power technology firm Wärtsilä has ended an 18-month long strategic review of its Energy Storage and Optimisation (ES&O) business, a process which could have led to the firm divesting it.

Sumitomo Electric has followed up the US launch of its newest vanadium redox flow battery (VRFB) technology, announcing a deal in Japan.

New South Wales could become the first Australian state to pass battery regulation under the Product Lifecycle Responsibility Act.

Suitable energy storage project sites are quickly being snapped up in Australia’s National Electricity Market (NEM), with a premium on grid location.  

BloombergNEF (BNEF) has found that utility-scale BESS uptake in Australia could increase eightfold to 18GW in 2035, up from 2.3GW in 2024.

Taiwan’s HD Renewable Energy (HDRE) and Australian renewable energy developer ZEN Energy have secured a 795MW greenfield solar PV and energy storage portfolio spanning four projects in Australia.