Penny Sharpe, the New South Wales energy minister, has announced plans to legislate a new long-duration energy storage (LDES) target for the Australian state of 28GWh by 2034.
Australian startup Green Gravity has secured AU$9 million in Series A capital funding to complete product development of its gravity-based energy storage technology.
Swedish-based developer OX2 has acquired a proposed 1GW onshore wind farm in Western Australia, which includes plans for a 100MW co-located battery energy storage system (BESS).
On Friday (4 October), the US Department of Energy (DOE) announced Australia as an international collaborator on its Long Duration Storage Shot initiative.
Australian utility Origin Energy is set to focus on energy storage and renewable energy generation, announcing last week it will exit the hydrogen market.
Frontier Energy will pursue alternative funding solutions after missing out on Reserve Capacity Credits (RCCs) from the AEMO for its 360MWh Waroona Renewable Energy Hub in Western Australia.
