Chile is leading Latin America’s wave of energy storage adoption, closely linked to its embrace of solar PV.

“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.

After an initial rush to deploy that gave CAISO and ERCOT the lead in US BESS adoption, both markets are focused on capacity and availability, writes Amit Mathrani of Rabobank Americas.

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

Fotowatio Renewable Ventures (FRV) Australia has reached financial close on the 250MW/500MWh Gnarwarre battery energy storage system (BESS) in Victoria.

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

HMC Capital has completed the acquisition of Neoen’s energy storage and renewables portfolio in Victoria, Australia.

Grid-scale BESS discharge has hit an all-time quarterly high in Australia’s National Electricity Market for an average of 162MW in Q2 of 2025.

Australia’s Clean Energy Finance Corporation (CEFC) has announced it has invested a record AU$4.7 billion (US$3.09 billion) in large-scale renewables, energy storage, and transmission projects during the 12-month period ending 30 June 2025.

Renewable energy developer Ampyr Australia has signed what it claims is an Australian “first-of-a-kind” Aboriginal community equity partnership and participation model for the Wellington Stage 1 battery energy storage system (BESS).