Recent policy developments in the US and European Union represent a considerable uplift to prospects for global energy storage deployment.

Steps forward have been taken New South Wales, Australia, for the largest battery storage system anywhere in the Southern Hemisphere.

EnergyAustralia is tentatively planning to build a 500MW battery energy storage system (BESS) on land it owns in New South Wales.

At RE+ 2022 last month, Energy-Storage.news met with leading figures from the energy storage industry for a series of exclusive interviews.

New large-scale battery storage in Australia will increase competition and put downward pressure on costs of ancillary services.

Second Renewable Energy Target auction held in Victoria, Australia, won by six solar PV projects, four of which include battery storage.

Australia’s national Clean Energy Finance Corporation has invested to help a 100MW/200MWh battery storage project reach financial close.

Zinc bromide battery startup Gelion has started up manufacturing operations in Australia which lean on existing production techniques for lead-acid batteries.

CellCube has formed an R&D partnership in Australia in anticipation of establishing a presence in the country’s long-duration energy storage market.

Alongside unveiling of an energy storage deployment target, Victoria government announced funding for large-scale battery storage projects.