Australia’s AGL Energy has agreed to divest 19.9% of its equity interest in Tilt Renewables to Queensland Investment Corporation (QIC) and a Future Fund-led consortium for AU$750 million (US$488 million).

Peregrine Energy Solutions has secured US$130 million from investors including the South Korean Ministry of Environment.

A trio of energy storage startups: XL Batteries, Unbound Potential and Fourth Power, have raised financing for emerging flow battery and thermal storage technologies.

The Queensland government has invested AU$48 million to overhaul the ageing 5.7GWh Wivenhoe Pumped Hydro Power Station in Australia.

Several Chinese companies active in the energy storage space have recently released their financial reports for H1 2025, with the majority posting strong growth. Their energy storage business segments have been a key driver of that growth.

Chang Jae Won of the Korea Smart Grid Association believes companies lack a model for recovering their investment in DC energy storage.

Hydrostor has secured US$55 million in funding from Export Development Canada (EDC) to advance development activities for its 200MW/1,600MWh Silver City Energy Storage Centre project in Broken Hill, New South Wales, Australia.

Grenergy has secured a senior non-recourse financing agreement worth US$270 million for Phase 6 of its flagship Chilean solar-plus-storage project, Oasis de Atacama.

It’s still to early to see the financial impact on energy storage suppliers in the wake of Trump’s tariffs and legislation, writes Solar Media analyst Charlotte Gisbourne, analysing their H1 revenues.

Two energy storage topics appeared to come up in conversation more than any other at the first day of RE+: US domestic content and the race for energy density increases.