Iron-air battery company Ore Energy has raised US$43 million in a Series A funding round to commercialise its multi-day energy storage technology.

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

NEM-wide battery price spreads fell 85% in a single year to average AU$51/MWh (US$35/MWh) in Q2 2026, according to AEMO.

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

Avantus, with Fluence, is progressing on two solar-plus-battery energy storage system (BESS) projects in California, US.

With technology risk now largely removed from the equation, assessing how a battery storage project will perform across market opportunities is now the main object of financiers’ scrutiny, writes Ryan Alexander of enspired.

Australia’s CSIRO has revised pumped hydro storage costs upward in the final version of its annual GenCost electricity cost report.

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.

Singapore-headquartered clean energy developer Vena Energy has raised AU$1.4 billion (US$970 million) in green finance to support 614MW of solar PV capacity and 1,141MWh of battery energy storage systems (BESS) in Australia.

OptiGrid’s Sahand Karimi examines why state of charge & algorithm quality drove divergent outcomes during SA1’s AU$20,300/MWh price cap on 21 June.