Africa’s energy storage market has seen a boom since 2017, having risen from 31MWh to 1,600MWh in 2024, according to trade body AFSIA Solar’s latest report.
Energy Storage Award 2024 winner, Semih Oztreves, head of network infrastructure at BESS developer-investor Zenobē Energy, takes part in our annual Q&A series.
At the end of 2024, Australian renewable energy developer ZEN Energy, in partnership with Taiwan’s HD Renewable Energy (HDRE), announced plans to establish a joint venture in Australia that will target 1GW of energy storage capacity.
Western Australia’s Economic Regulation Authority has set the peak and flexible benchmark reserve capacity prices (BRCPs) at AU$360,700/MW (US$224,898/MW) annually from 2027-28.
Solar PV developer Lightsource bp has started construction on two solar-plus-storage projects in Queensland and New South Wales, Australia, following success in the first tender of the Capacity Investment Scheme (CIS).
Research firm Wood Mackenzie has found that daily price volatility from renewables on Australia’s National Electricity Market (NEM) supports a stronger battery revenue outlook.
The first Capacity Investment Scheme (CIS) tender round in Australia successfully awarded 3.5GWh of co-located battery energy storage systems (BESS) as renewables-plus-storage projects.
The US battery storage market is in a rapid growth phase and becoming increasingly competitive, creating an increasing need for sophisticated technologies and a deeper understanding of markets.
