French independent power producer (IPP) Neoen has recorded €109.1 million (US$115 million) in revenue in the opening quarter of 2022 due to a strong growth in its renewable assets and energy storage.

Peaker plant in Queensland which would have relied on 1,000MW of gas generation will instead combine turbines and batteries.

Volatility and demand for distributed energy solutions in Australia are among the motivations for UK’s GridBeyond to set up offices there.

Renewable energy developer ZEN Energy has taken on responsibility for a 600-800MWh battery energy storage system (BESS) project in Western Australia while the regional government is funding a downstream graphite facility project for battery applications at the same location.

Construction work has started on a 30MWh pumped hydro storage project in Western Australia.

Compressed air long-duration energy storage solution provider Hydrostor has received an investment commitment of US$25 million from Canada Pension Plan Investment Board.

Neoen has been contracted by AGL to provide a “virtual” charge or discharge of a battery system in Australia. 

EnergyAustralia will control and operate two large-scale battery energy storage systems (BESS) in a portfolio in development by Edify Energy. 

Group co-owned by State Grid Corporation of China and Singapore Power has halted investment into a hybrid project in South Australia. 

A plan to turn Australian island state Tasmania into the ‘Battery of the Nation’ has taken a step forwards.