Global investment group Brookfield intends to acquire French renewables and energy storage developer and independent power producer (IPP) Neoen.

RWE will proceed with an 8-hour duration large-scale battery storage project in New South Wales (NSW), while a tender for more long-duration resources has launched in the state.

National Battery Strategy aims to make Australia a “globally competitive producer” of batteries and battery materials by 2035.

The revenue stack accessible to front-of-the-meter (FTM) battery storage in Australia’s National Electricity Market (NEM) is evolving, as the market dynamics evolve.

Finding developers who want long-term partnerships on projects is key when entering multiple different markets, the head of shipping and energy infrastructure firm BW Group’s energy storage development and operation arm says.

Energy-Storage.news speaks with Danny Lu of Powin about some of the system integrator’s thoughts on the Australia market and delivery of the Waratah Super Battery.

The Australian federal government’s 2024-2025 budget includes a major investment in clean energy manufacturing and an energy bill rebate for households.

Commissioning has been completed on the first commercial-scale project using Energy Vault’s gravity energy storage technology, while the firm has also secured a 400MWh BESS order for a project in Australia. However, it expects revenues this year to be 70-85% lower than 2023.

The state of Queensland, Australia, has committed to investing AU$448 million into battery storage technology at a coal power plant.

Australia’s energy storage sector has seen trio of significant announcements around major battery energy storage system (BESS) projects.