The Clean Energy Finance Corporation (CEFC) and the Australian Renewable Energy Agency (ARENA) have both financed the Kennedy hybrid solar, wind and storage project in north Queensland, which is being developed Windlab and Eurus Energy.

Energy Renaissance is constructing a 1GWh per annum lithium-ion battery storage manufacturing plant at Darwin, in the Northern Territory of Australia, while CEFC has financed a 2Mtpa lithium concentrate mining project in Western Australia.

Australia will launch a new large-scale energy storage funding round, the country’s prime minister Malcolm Turnbull has revealed.