Europe’s energy storage market has hit a turning point. What was once a scattered, early-phase market featuring pilot projects and daring developers has swiftly evolved into a dynamic, capital-intensive infrastructure sector, writes Wood Mackenzie research associate Cecilie Kristiansen.

Global investment firm KKR has announced a strategic partnership with HMC Capital, committing up to AU$603 million (US$423 million) to HMC’s Energy Transition Platform as Australia accelerates its renewable energy deployment and grid modernisation efforts.

Sam Markham of Fluence Australia believes grid-forming BESS are essential to deliver a safe, secure and affordable decarbonised power system.

Home battery storage and virtual power plant (VPP) specialist Lunar Energy has raised US$102 million in an oversubscribed Series D financing round led by B Capital and Prelude Ventures.

E-Storage, Canadian Solar’s energy storage subsidiary and owner and operator Sunraycer Renewables have entered into agreements for the supply and long-term servicing of two battery energy storage systems (BESS) in Franklin County, Texas, US.

Iberdrola Australia has officially opened its 65MW/130MWh Smithfield BESS in western Sydney, New South Wales, ahead of schedule.

NSW concludes Australia’s largest LDES tender, awarding six battery projects 12GWh. Industry calls it “game-changer” for grid reliability.

The NSW government has declared two pumped hydro projects totalling 22,000MWh of storage capacity as critical infrastructure.

Energy-Storage.news Premium speaks with Noon Energy co-founder and CEO Chris Graves about the company’s approach to long-duration energy storage.