ENGIE’s Hazelwood battery energy storage system (BESS) expansion in Australia has moved closer to financial close after a state transmission declaration.
Australian battery energy storage system (BESS) developer Akaysha Energy has refinanced its project debt into an AU$1.75 billion (US$1.22 billion) portfolio-level facility.
Four-hour battery storage is less expensive than open-cycle gas turbines in the 43 markets in which both technologies were modelled, according to a new report from market research firm Wood Mackenzie.
Australian energy company AGL has referred a 500MWh battery energy storage system (BESS) in Queensland to the federal government under Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.