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

Fox ESS and Origin Energy have partnered to enable home battery storage systems to participate in Origin’s Loop VPP programme in Australia.

Home battery storage and virtual power plant (VPP) specialist Lunar Energy has raised US$102 million in an oversubscribed Series D financing round led by B Capital and Prelude Ventures.

Victoria’s home battery energy storage programme has supported the installation of approximately 20,000 residential energy storage systems, doubling its original target of 10,000 units, according to the state’s climate action minister, Lily D’Ambrosio.

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.

Tesla has issued a product recall on its Powerwall 2 residential battery storage solution across Australia due to a “battery cell defect” from a third-party supplier.

The New South Wales government has stacked the incentives available for a solar and home battery energy storage system (BESS) should it connect to a virtual power plant (VPP).

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.

Anthony Albanese, leader of the Australian Labor Party, has pledged to introduce an AU$2.3 billion battery subsidy scheme if re-elected.