Shenzhen PowerOak New Energy Co., Ltd. (PowerOak), the fourth key player in the global portable energy storage sector, has submitted its IPO application to the Hong Kong Stock Exchange.

The Australian government is reportedly exploring additional modifications to its Cheaper Home Batteries Program, including the possibility of an early wind-up, as the government seeks budget savings ahead of the May federal budget.

Australia’s Cheaper Home Batteries Program has officially surpassed 250,000 installations, delivering 6.3GWh of distributed energy storage.

Australia’s Cheaper Home Batteries Program processes 8,000 applications per week, according to Carl Binning of the Clean Energy Regulator.

Australia’s Cheaper Home Batteries Program has surpassed 100,000 installations, with households and small businesses now benefiting from subsidised battery installations totalling 2GWh of distributed energy storage capacity.

Australia’s Prime Minister, Anthony Albanese, has increased the country’s emissions reduction target for 2035 to a range of 62% to 70%.

Tim Buckley of Climate Energy Finance believes the Australian government’s new home BESS subsidy scheme will make it a ‘red-hot market’.

Delivering on its 2025 election pledge, Australia’s Labor government has announced it will introduce the Cheaper Home Batteries Program from 1 July 2025.

The Labor Party, led by Anthony Albanese, has secured a landslide victory in the 2025 Australian federal election.