Australia’s Clean Energy Finance Corporation (CEFC) has announced its largest-ever investment commitment, with AU$3.8 billion (US$2.5 billion) allocated to support the Marinus Link interconnector connecting the states of Tasmania and Victoria.

910MWh of BESS in Queensland, Australia, has been added to AEMO’s Market Management System, signalling readiness for commissioning.

“The speed at which the grid-forming inverters are operating means that standby consumption will be higher,” said Dave Bowly of AGL.

The Australian government has opened two CIS tenders in Western Australia, targeting 2.4GWh of energy storage and 1.6GW of renewables.

Potentia Energy, a joint venture co-owned by Enel Green Power and INPEX, has secured the first environmental approval for a grid-scale battery energy storage system (BESS) under South Australia’s new Hydrogen and Renewable Energy (HRE) Act.

French independent power producer (IPP) Neoen, which is now fully owned by Canadian investment firm Brookfield, has switched on the second phase of its 560MW/2,240MWh Collie BESS in Western Australia.

“Australia is one of the leading countries for grid-forming inverters,” said Natalie Thompson, senior analyst of energy storage and solar at Wood Mackenzie, when discussing the Australian energy storage market.

Renewables developer and independent power producer (IPP) TagEnergy has acquired Australian developer ACE Power, adding 6GW of energy storage and renewables projects to its portfolio.

“Battery energy storage systems (BESS) typically change ownership between two and four times during their 40-year lifecycle,” John Sheehy, CEO of Pottinger, said on day two of the Battery Asset Management Summit Australia 2025 this morning.

BESS developer Pacific Green Technologies has secured a AU$77 million (US$49.9 million) debt facility for projects in Australia.