Energy storage developer and system integrator Energy Vault has been tapped by Victoria’s State Electricity Commission (SEC) to deliver a 100MW/200MWh government-owned battery energy storage system (BESS) in Australia.
Australia’s Clean Energy Council (CEC) has said that energy storage saw a strong year in 2024 with a capacity of 4,029MW/11,348MWh having reached financial commitment.
Wind developer WestWind Energy has signed a lease agreement with Australia’s New South Wales government for the development of a 1,500MWh wind-plus-storage site in the south-west of the state.
Australian energy major AGL Energy disclosed in its half-year results that it intends to make a final investment decision (FID) over the next 18 months for 1.4GW of utility-scale battery energy storage systems (BESS).
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.