“We need some form of policy or expansion of the CIS for LDES,” Nick Hawke, director of Australia’s CEFC, tells ESN Premium.

Australia’s minister for climate change and energy, Chris Bowen, has confirmed that the Capacity Investment Scheme (CIS) will be upsized from 32GW to 40GW.

Australia’s DCCEEW has announced plans to streamline the Capacity Investment Scheme (CIS) by transitioning to a one-stage process.

Major Australian energy generator-retailer EnergyAustralia has sold a 50% share in its 1,400MWh Wooreen battery energy storage system (BESS) to Thailand-based energy firm Banpu Public Company.

Developer Atmos Renewables has successfully achieved financial close on its 400MWh Merredin battery energy storage system (BESS) in Western Australia.

The Australian government is set to cut CIS tender process times to around six months as a 576MWh solar-plus-storage site has been approved in Tasmania.

2.6GWh of utility-scale battery energy storage projects have been successful in Western Australia’s first Capacity Investment Scheme tender.

Thimo Mueller of AEMO Services, believes the value of energy storage in Australia will be higher than investor expectations.

A 1,200MWh solar-plus-storage twin project is set to be developed in North Queensland, Australia, after success in the recent Capacity Investment Scheme (CIS) tender.

With the opening of the Capacity Investment Scheme (CIS) tender 3 in Australia last Wednesday (13 November), one major question from the state allocations presented in the market briefing was why Queensland had been granted no capacity.