Atmos Renewables has reached financial close on the 400MW/1,600MWh Teebar battery energy storage system (BESS) in Queensland, Australia.

Eku Energy’s Elias Saba discusses why he believes the CIS has not fundamentally changed the company’s investment approach.

BESS developers who built business cases on assumptions of faster coal plant closures are now absorbing the consequences of that timeline slipping.

BESS and solar have driven Australia past the halfway mark in NEM renewable penetration, but the technology mix is not yet broad enough.

Danish developer European Energy has reached financial close on the 80MWh Mokoan solar-plus-storage project in Victoria, Australia.

The Australian government has introduced a dedicated First Nations Set Aside pilot into both Capacity Investment Scheme Tenders 9 and 10.

The Australian government has announced the results of Capacity Investment Scheme (CIS) Tender 8, selecting 15 battery energy storage projects across the National Electricity Market (NEM), totalling 4.2GW/16.1GWh.

Akaysha Energy’s 415MW/1,660MWh Orana BESS has reached full output, with the facility now listed as operating in Australia’s NEM.

Battery energy storage systems (BESS) have emerged as the defining feature of Australia’s Capacity Investment Scheme (CIS) Tender 7, with 2GW/7.9GWh of co-located energy storage successful.

Australia has emerged as the world’s third-largest utility-scale battery energy storage market, with 4.3GW of large-scale battery storage systems reaching financial close in 2025.