Australia’s Clean Energy Finance Corporation (CEFC) has announced its largest-ever investment commitment, with AU$3.8 billion (US$2.5 billion) allocated to support the Marinus Link interconnector connecting the states of Tasmania and Victoria.

Australian battery storage developer Akaysha Energy has secured an AU$300 million (US$196 million) corporate debt facility to accelerate its growing portfolio of utility-scale battery energy storage system (BESS) projects across Australia and global markets.

910MWh of BESS in Queensland, Australia, has been added to AEMO’s Market Management System, signalling readiness for commissioning.

The market share of vertically integrated battery cell and BESS companies has fallen since 2023, market intelligence firm Rho Motion said.

“The speed at which the grid-forming inverters are operating means that standby consumption will be higher,” said Dave Bowly of AGL.

Katherine Hutton, product manager of cybersecurity at Fluence, discusses why cybersecurity is critical for battery storage systems and how to navigate this increasingly complex area.

The Australian government has opened two CIS tenders in Western Australia, targeting 2.4GWh of energy storage and 1.6GW of renewables.

Potentia Energy, a joint venture co-owned by Enel Green Power and INPEX, has secured the first environmental approval for a grid-scale battery energy storage system (BESS) under South Australia’s new Hydrogen and Renewable Energy (HRE) Act.

French independent power producer (IPP) Neoen, which is now fully owned by Canadian investment firm Brookfield, has switched on the second phase of its 560MW/2,240MWh Collie BESS in Western Australia.

“Australia is one of the leading countries for grid-forming inverters,” said Natalie Thompson, senior analyst of energy storage and solar at Wood Mackenzie, when discussing the Australian energy storage market.