Modo Energy has said that battery energy storage systems (BESS) in Australia’s National Electricity Market (NEM) earned an average of AU$148,000/MW (US$92,810/MW) in 2024, a 45% increase year-on-year.

Modo Energy’s Wendel Hortop tells Energy-Storage.news that over 4GW of utility-scale BESS on the NEM will be in commercial operation by 2025.

Tesla has inked an MoU with the Western Australian government to develop a battery re-manufacturing facility in Collie.

Developer Amp Energy has closed project financing for the construction of the first stage of its 500MWh Bungama BESS in South Australia. 

Potentia Energy, a joint venture co-owned by Enel Green Power and INPEX, is set to secure several battery energy storage system (BESS) assets across Australia as part of a 1.2GW portfolio acquisition.

Renewable energy developer Ampyr Australia has secured Shell Energy Australia’s remaining stake in the 1GWh Wellington battery energy storage system (BESS) in New South Wales.

Eku Energy’s chief technology officer, Elias Saba, discusses the shift in economics of long-duration BESS in Australia’s NEM.

Western Australia’s Premier Roger Cook of the Labor Party has pledged to invest AU$150 million (US$92.4 million) into a 500MWh 10-hour duration vanadium battery energy storage system (BESS) should it be re-elected in the upcoming state election.

Acen Australia has submitted a 320MW solar-plus-storage project featuring a 1,400MWac battery energy storage system (BESS) in New South Wales to Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.

TotalEnergies, a French energy major, is seeking approval from the federal government’s Environment Protection and Biodiversity Conservation (EPBC) Act for a 320MW solar-plus-storage site in New South Wales, Australia.