Western Australia’s ERA has fined state-owned energy company Synergy AU$1.2 million (US$785,600) after a software error at the Kwinana BESS.

HMC said it has committed equity to develop its first new-build battery storage project in Australia, a 300MW/1,200MWh facility in Victoria.

Australia’s BESS market evolves from physical tolls to commoditised contracts as spreads compress & investor return expectations rise to 14%.

Squadron Energy has completed a refinancing of its Australian renewable energy portfolio, securing total debt commitments of more than AU$2.7 billion (US$1.76 billion).

BW ESS has acquired a 1,000MWh battery storage system in Riverina, New South Wales, from Australian developer ACEnergy.

ZEBRE has submitted the 180MW/360MWh Noblevale Battery in Queensland for federal environmental assessment under the EPBC Act.

Zen Energy, a South Australian renewable energy company co-founded by economist Ross Garnaut, has appointed voluntary administrators after its retail business failed to secure a viable buyer.

Sembcorp Industries has completed its acquisition of Alinta Energy at a value of AU$6.5 billion (US$4.32 billion).

Singapore-based Equis has launched GreenPoint Energy, a wholly owned subsidiary consolidating its Australian renewable energy and battery storage operations under a dedicated platform with a 2.5GW portfolio of 12 battery energy storage systems (BESS) and wind projects across every National Energy Market (NEM)-connected state.

Australian energy storage developer Enervest has acquired the Northern Border Battery, a 300MW battery energy storage system in development, from an unnamed Sydney-based developer.