The venture-capital-style returns once available in Australia have disappeared, according to panellists at the Battery Asset Management Summit Australia 2026.
Octopus Australia has referred the Blackstone battery energy storage system (BESS), a 500MW/2,000MWh standalone facility, to Australia’s federal government for assessment under the Environment Protection and Biodiversity Conservation (EPBC) Act.
Blueleaf Energy and Universal Peak have closed financing for a 100MW/400MWh battery storage project, which was one of four winning bids in a Malaysian government tender.