The Australian Energy Regulator (AER) said increased energy storage capacity will be essential to manage daily and seasonal variations in output on the National Electricity Market (NEM).
Victoria, Australia, has secured the largest allocation of dispatchable power in the upcoming Capacity Investment Scheme (CIS), with 1.7GW/6.8GWh for energy storage.
Battery energy storage developer Eku Energy has reached a financial close for 250MW/500MWh battery energy storage system (BESS) in Canberra, the Australian Capital Territory (ACT).
The newly elected Queensland government has pulled the plug on what would have been the world’s largest pumped hydro energy storage project (PHES) with a capacity of 120GWh.
CATL is the world’s largest lithium-ion manufacturer, and a major player in BESS too, and made headlines earlier this year when it claimed five years of ‘zero degradation’ for its new grid-scale product Tener.
The viability of many hydroelectric power stations, including pumped hydro energy storage (PHES), in Tasmania, Australia, may “come into question” in the future, given the island’s lack of interconnectivity with the mainland.
A 1,800MWh wind-plus-storage project being pursued by developer Squadron Energy in New South Wales, Australia, has been recommended for approval by the NSW Independent Planning Commission (IPCN).
Canadian asset manager Brookfield will be required to divest French IPP Neoen’s operational assets and six development projects in Victoria, Australia, which includes the 350MW/450MWh Victoria Big Battery.
Australian utility Origin Energy yesterday (30 October) confirmed it had started construction on the second phase of its 2.1GWh Eraring battery energy storage system (BESS) in New South Wales, Australia.
