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.
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.
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.
President of the Philippines, Ferdinand Marcos Jr., was in attendance as the country’s first ‘baseload’ power plant to combine solar PV and battery storage officially went into action.
