Australia’s Prime Minister, Anthony Albanese, has increased the country’s emissions reduction target for 2035 to a range of 62% to 70%.

Victoria, Australia, has seen just under 5GWh of battery energy storage systems (BESS) granted approval for development by the state and federal governments.

Projects supported by the UK government’s long-duration energy storage (LDES) cap-and-floor could significantly dampen price spreads but also affect non-LDES flexibility assets.

Regulated utility Dominion Energy last week received the green light from local officials to develop a 100MW/400MWh BESS in Fauquier County, Virginia. 

Several Chinese companies active in the energy storage space have recently released their financial reports for H1 2025, with the majority posting strong growth. Their energy storage business segments have been a key driver of that growth.

Developer Lightsource bp has commenced construction on a 49MW/562MWh BESS co-located at the 585MWdc Goulburn River solar plant in Australia.

China has published a national plan to promote large-scale energy storage facilities, encouraging investment and broader participation in the electricity market.

Chinese PV module manufacturer Trina Solar has received the green light from the Victoria government in Australia to build a 500MW/1,000MWh battery energy storage system (BESS).

Australia’s Capacity Investment Scheme (CIS) has awarded 4.13GW/15.37GWh of battery storage capacity in its third tender round, exceeding initial targets and attracting 135GWh of bids.

Chinese energy storage companies active in the US face an uncertain future as federal policies encourage moves to reduce their supply chain involvement.