Blueleaf Energy and Universal Peak have closed financing for a 100MW/400MWh battery storage project, which was one of four winning bids in a Malaysian government tender.

The Australian Renewable Energy Agency (ARENA) has confirmed the installation of the 100th community battery storage system under its Community Batteries Funding Initiative.

Developers who buy or flip battery storage projects mid-life risk inheriting decommissioning liabilities they had not properly accounted for.

Speaking to ESN Premium, Kashish Shah of Wärtsilä explains why Australia’s volatile market structure makes it uniquely suited for battery storage.

HMC said it has committed equity to develop its first new-build battery storage project in Australia, a 300MW/1,200MWh facility in Victoria.

Australia’s BESS market evolves from physical tolls to commoditised contracts as spreads compress & investor return expectations rise to 14%.

BESS developers who built business cases on assumptions of faster coal plant closures are now absorbing the consequences of that timeline slipping.

US battery storage developer Key Capture Energy (KCE) has closed a US$300 million financing agreement with British multinational bank Standard Chartered.

UNSW receives AU$6.52 million to study how solar, wind and battery storage interact with grid protection systems as Australia transitions to renewables.

Squadron Energy has completed a refinancing of its Australian renewable energy portfolio, securing total debt commitments of more than AU$2.7 billion (US$1.76 billion).