The Port of Newcastle has become the first port in New South Wales, Australia, to be approved to safely store grid-scale lithium-ion battery storage systems.
Australia’s battery energy storage sector faces mounting operational pressures, following the Australian Energy Market Operator (AEMO) issuing its latest direction to AGL’s Torrens Island battery energy storage system (BESS) on 9 March.
Three battery energy storage system (BESS) developments across Australia have been submitted to the Environment Protection and Biodiversity Conservation (EPBC) Act, representing a combined capacity of 1,220MWh.
Australia’s AGL Energy has agreed to divest 19.9% of its equity interest in Tilt Renewables to Queensland Investment Corporation (QIC) and a Future Fund-led consortium for AU$750 million (US$488 million).