Australia has emerged as the world’s third-largest utility-scale battery energy storage market, with 4.3GW of large-scale battery storage systems reaching financial close in 2025.

The situation and uncertainty around grid connections and grid fees in Germany is evolving, possibly enabling market participants to look beyond the August 2029 grid fee exemption cut-off date – although uncertainty is still very high.

Singapore-based Equis has launched GreenPoint Energy, a wholly owned subsidiary consolidating its Australian renewable energy and battery storage operations under a dedicated platform with a 2.5GW portfolio of 12 battery energy storage systems (BESS) and wind projects across every National Energy Market (NEM)-connected state.

EDP Renewables Australia has secured AU$3 million in funding from ARENA to develop the Braidwood Renewable Microgrid Project.

Hungary is entering a new phase of its energy transition, opening up new opportunities for energy storage investment. But bankability is still a challenge, so equity investment is needed, writes lawyer Daniel Orosz.

Hitachi Energy has entered a 20-year service agreement with Australian developer Akaysha Energy to support the 155MW/298MWh Ulinda Park battery energy storage system (BESS) in Queensland’s Western Downs region.

Australia’s New South Wales (NSW) has opened two tenders seeking 2.5GW of renewable energy generation and 12GWh of long-duration energy storage, marking the largest generation procurement in the state’s history under its Electricity Infrastructure Roadmap.

Lenders are increasingly willing to back large-scale BESS projects in Germany that don’t have any contracted revenues, although that merchant risk is priced in to structures, an executive at Aquila Clean Energy EMEA said.

Large-scale BESS projects have been progressed in Italy, Romania, Germany, Poland, Denmark and elsewhere in Europe, totalling around 1GW under construction, 1GWh soon to be, and another 1GWh at earlier stages.