Octopus Australia has announced plans to develop what it claims is Australia’s “largest planned battery energy storage system (BESS)” in New South Wales.

Sahand Karimi and Henry Swisher of OptiGrid examine the two primary metrics used to evaluate the performance of battery storage trading: normalised revenue and percentage of perfect capture rate.

Australia’s AGL Energy has agreed to divest 19.9% of its equity interest in Tilt Renewables to Queensland Investment Corporation (QIC) and a Future Fund-led consortium for AU$750 million (US$488 million).

Spanish utility Iberdrola has acquired the 270MW/1,080MWh Tungkillo battery energy storage system (BESS) in South Australia from RES Group.

Australian battery storage developer Akaysha Energy has secured an AU$300 million (US$196 million) corporate debt facility to accelerate its growing portfolio of utility-scale battery energy storage system (BESS) projects across Australia and global markets.

HMC Capital has completed the acquisition of Neoen’s energy storage and renewables portfolio in Victoria, Australia.

Illinois State Senator Bill Cunningham has passed legislation to accelerate energy storage in the Midwest US state.

Let’s take a look at the news stories that had the most page views on the site since the beginning of 2020. The list covers everything from always-in-focus topics of cost reduction and competitiveness, to fire safety, innovation and commercialisation of new technologies and, of course in this year, COVID-19.

NEC’s Energy Solutions division, which has been responsible for NEC Corporation’s activities in the battery energy storage industry, is “going out of business” according to a report by Bloomberg.

While the relationship between renewable energy and energy storage is a close one, combining storage with natural gas is also an important stepping stone measure in the transition to 100% renewables, Energy-Storage.news has heard.