Research firm Wood Mackenzie has found that daily price volatility from renewables on Australia’s National Electricity Market (NEM) supports a stronger battery revenue outlook.

A 1,200MWh solar-plus-storage twin project is set to be developed in North Queensland, Australia, after success in the recent Capacity Investment Scheme (CIS) tender.

The first Capacity Investment Scheme (CIS) tender round in Australia successfully awarded 3.5GWh of co-located battery energy storage systems (BESS) as renewables-plus-storage projects.

Optimiser Habitat Energy has secured a deal with Eku Energy to optimise its 250MW/500MWh Williamsdale BESS in the ACT.

Australian utility Origin Energy has confirmed that the first stage of the Eraring battery energy storage system (BESS) has been energised.

A report by CSIRO has found that large-scale BESS capital costs have improved the most in 2024-25, falling by 20% year-on-year (YoY).

Australia-based investor Quinbrook Infrastructure Partners has submitted plans to the federal government for a 750MW battery energy storage system (BESS) co-located with a proposed polysilicon plant in Townsville, Queensland.

Finnish marine and energy technology group Wärtsilä has been contracted by Australian utility Origin Energy to deliver the third stage of the Eraring battery energy storage system (BESS) in New South Wales.

Australia’s Queensland government is set for crunch talks with Queensland Hydro to “save” the 2GW/48GWh Borumba pumped hydro energy storage (PHES) project, with its cost having increased to AU$18 billion (US$11.5 billion) and been delayed by three years.

French independent power producer (IPP) Neoen has agreed to sell its operational and development projects in Victoria, Australia, including the 350MW/450MWh Victorian Big Battery, for AU$950 million (US$610 million).