Australian energy major AGL Energy disclosed in its half-year results that it intends to make a final investment decision (FID) over the next 18 months for 1.4GW of utility-scale battery energy storage systems (BESS).

Modo Energy has said that battery energy storage systems (BESS) in Australia’s National Electricity Market (NEM) earned an average of AU$148,000/MW (US$92,810/MW) in 2024, a 45% increase year-on-year.

Developer Amp Energy has closed project financing for the construction of the first stage of its 500MWh Bungama BESS in South Australia. 

Estimated net revenue, covering both energy and FCAS markets, for grid-scale batteries on the NEM reached AU$69.5 million in Q4 2024.

Kelcy Pegler, CEO at US energy storage system integrator FlexGen, takes part in our Year in Review Q&A series.

Grid constraints have prevented Chile from maximising the potential of its world-class solar resources. Energy storage has, therefore, become a necessity to ensure the financial viability of PV projects.

Quinbrook Infrastructure Partners has secured AU$722 million (US$452 million) in debt financing for the first two stages of its ‘Supernode’ energy storage project in Queensland, Australia.

D. E. Shaw Renewable Investments is seeking a loan from the North American Development Bank (NADBank) towards the construction of a 150MW hybrid solar and BESS project in Doña Ana County, New Mexico.

Ty Daul, CEO of Primergy, discusses how the Quinbrook-launched developer brought online the US’s largest co-located solar-plus-storage power plant.

Grenergy has raised financing for the fourth phase of a solar-plus-storage project in Chile set to feature 11GWh of battery storage capacity when completed.