Fengate Asset Management and Alpha Omega Power have closed a tax equity commitment with US Bancorp Impact Finance for a 400MWh BESS project in California, acquired from Origis Energy.

State-owned energy company Synergy has completed construction of its 200MW/800MWh Kwinana battery BESS in Western Australia.

Australia’s New South Wales government has approved plans for a 500MW/2,000MWh battery energy storage system (BESS) being developed by energy generator-retailer EnergyAustralia.

Australian energy major AGL Energy has received approval from the New South Wales government for its 500MW/2,000MWh Tomago battery energy storage system (BESS).

Australia has signed climate action and renewabele energy partnerships with India and the UK, which both include energy storage.

London Stock Exchange-listed Gore Street Energy Storage Fund (GSF) has secured a US$80 million increase in debt facilities for its battery storage projects.

Avadis Investment Foundation is buying a BESS project in Switzerland which could be the country’s largest when it is scheduled to come online in 2027.

With the opening of the Capacity Investment Scheme (CIS) tender 3 in Australia last Wednesday (13 November), one major question from the state allocations presented in the market briefing was why Queensland had been granted no capacity.

Large-scale energy storage reaching financial commitment increased 95% year-on-year in Australia in Q3 2024, reaching just under 4GWh.

Victoria, Australia, has secured the largest allocation of dispatchable power in the upcoming Capacity Investment Scheme (CIS), with 1.7GW/6.8GWh for energy storage.