The hugely anticipated draft National Electricity Market (NEM) review report, led by Tim Nelson, has been released, outlining key market reforms with implications for energy storage.
The New South Wales government has announced plans to launch a new tender seeking 500MW of firming capacity, seeking bids from battery energy storage, gas and virtual power plants (VPP).
Australia’s Clean Energy Finance Corporation (CEFC) has announced it has invested a record AU$4.7 billion (US$3.09 billion) in large-scale renewables, energy storage, and transmission projects during the 12-month period ending 30 June 2025.
The Australian Energy Market Operator (AEMO) has made grid-forming BESS a priority for the National Electricity Market (NEM) and South West Interconnected System (SWIS) for 2026.
D.E. Shaw Renewable Investments (DESRI) has started construction at a 150MW solar-plus-storage project in the US state of New Mexico, the BESS for which will be manufactured in the US by LG Energy Solution.