Global investment firm KKR has announced a strategic partnership with HMC Capital, committing up to AU$603 million (US$423 million) to HMC’s Energy Transition Platform as Australia accelerates its renewable energy deployment and grid modernisation efforts.
State-owned energy company Synergy has completed the 500MW/2,400MWh Collie Battery Energy Storage System (CBESS) in Western Australia, establishing Collie as home to Australia’s largest operational battery energy storage system (BESS).
IPP Enlight Renewable Energy has reached development milestones for its total 1.21GW solar plus 4GWh energy storage CO Bar Complex in Arizona, US, and is now advancing the project toward operation.
US sodium-ion (Na-ion) battery technology company Unigrid has begun international shipments of its proprietary sodium cobalt oxide (NCO) cathode cells at commercial volume.
San Diego-based home battery storage company NeoVolta has formed NeoVolta Power, a joint venture (JV) to develop a US battery energy storage system (BESS) manufacturing platform in Pendergrass, Georgia.
BlackRock-backed developer Akaysha Energy is reportedly considering options to raise additional funds, including selling a minority stake, to support the expansion of its battery energy storage operations.
While coal and gas power plants grapple with cost increases, Australia’s battery storage sector delivers a different story, with costs plummeting across all durations.
