Vena Energy has signed a long-term revenue share agreement with Danish energy trading company InCommodities for its 204MW/510MWh Bellambi Heights battery energy storage system (BESS) in Central West New South Wales, Australia.

A collaborative team of Australian scientists from CSIRO, the University of Melbourne and the Royal Melbourne Institute of Technology (RMIT) has successfully developed and tested the world’s first proof-of-concept quantum battery system.

“When we started back in two years ago, there was a lack of understanding in the market about how the grid-forming inverters operate,” said Ghasem Jahedi, principal grid engineer at AGL.

Australia’s New South Wales now requires 56GWh of storage by 2030, amounting to 40% more than projected just six months ago.

A total of 6.9GW/17.1GWh of grid-scale BESS came online last month, as per the most recent figures from Benchmark Mineral Intelligence.

Professor Tim Nelson has urged energy storage developers and market participants to actively engage in implementing sweeping market reforms.

A joint venture between TotalEnergies and Eren Groupe has submitted a 6GWh solar-plus-storage project for environmental approval in Australia’s Northern Territory (NT).

Hamilton Locke partner Matt Baumgurtel warns of a seismic shift as distributed energy resources with “zero marginal cost” emerge.

Australia’s MGA Thermal has secured AU$17 million (US$12 million) in new investment for its long-duration thermal energy storage technology as it enters the commercial scale-up phase.

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.