“Australia is one of the leading countries for grid-forming inverters,” said Natalie Thompson, senior analyst of energy storage and solar at Wood Mackenzie, when discussing the Australian energy storage market.

Renewables developer and independent power producer (IPP) TagEnergy has acquired Australian developer ACE Power, adding 6GW of energy storage and renewables projects to its portfolio.

“Battery energy storage systems (BESS) typically change ownership between two and four times during their 40-year lifecycle,” John Sheehy, CEO of Pottinger, said on day two of the Battery Asset Management Summit Australia 2025 this morning.

Governor of New Jersey, US, Phil Murphy, signed legislation into law to reach 2,000MW of energy storage capacity by 2030, and nearly doubling the state’s clean energy capacity.

“We’re expecting the results of the Capacity Investment Scheme (CIS) Tender 3 in the coming weeks,” Thimo Mueller, general manager, commercial at ASL, said in the opening keynote of the Battery Asset Management Summit Australia 2025 this morning.

Independent power producer (IPP) Fullmark Energy has announced the commercial operation of its 20MW/40MWh Ortega energy storage project in Lake Elsinore, California, US.

 Independent power producer (IPP) NextEra Energy Resources (NEER) has received approval from the Utah Inland Port Authority (UIPA) for its 200MW battery energy storage system (BESS) in Salt Lake City, Utah, US.

Several new community batteries have been launched in Victoria and Queensland, Australia, to soak up distributed solar PV.

Three companies, Energy Vault, Richardson Electronics, and Fluence, have made strategic moves to create a secure BESS equipment supply chain.

State-owned utility Western Power has commissioned five new community batteries in Perth suburbs as part of a federally funded initiative in Western Australia.