Renewable energy developer Ampyr Australia has reached financial close on its 300MW/600MWh Wellington Stage 1 BESS in New South Wales.

EU will not meet its 2030 clean energy targets unless cumulative battery storage deployments rapidly accelerate, SolarPower Europe has said.

A subsidiary of CATL and local partners have begun construction on a battery manufacturing complex in West Java, Indonesia.

Australia’s AGL Energy has acquired Tesla’s South Australia Virtual Power Plant with plans to expand the initiative.

PNM is seeking regulatory approval of offtake agreements associated with three hybrid battery energy storage system (BESS) projects.

Private equity firm KKR’s investment vehicle ContourGlobal has acquired BESS projects in Italy totalling 1.6GW of power and up to 9.5GWh of capacity, with an eye on the MACSE auctions in September.

The International Finance Corporation (IFC) will loan IR4.6 billion (US$55 million) to infrastructure investor IndiGrid for a standalone battery storage project in Gujarat, India.

Gamuda has partnered with landowners for a 1.2GW renewable energy and energy storage portfolio in Tasmania, Australia, which includes up to 600MW of energy storage capacity.

Idaho Power’s updated integrated resource plan adds more solar, wind and energy storage than gas generation, while Public Service Company of New Mexico gets 450MW of solar and storage added to its resource application.

Evolving market dynamics in ERCOT and CAISO, the two leading US electricity markets for battery storage, call for smart optimisation strategies, write Ali Karimian and Alden Phinney of GridBeyond.