Pumped hydro energy storage (PHES) developer Queensland Hydro has revealed a flurry of contracts today (17 September) to help progress the development of its 2GW Borumba project in Australia.

The Australian Renewable Energy Agency (ARENA) confirmed last week (11 September) that the AUS$523 million Battery Breakthrough Initiative has opened a consultation into the scheme.

Would-be battery manufacturers that could serve the US energy storage industry with domestically made cells are facing a “perfect storm,” Energy-Storage.news has heard.

Augmentation and end-of-life disposal look set to grow in significance in the next few years in the US, with nearly 1.5GW/3GWh of BESS projects now four years old or more.

Developer Kona Energy has been granted consent for the construction and operation of its Smeaton BESS project in Scotland, which will total 228MW/456MWh of energy storage capacity.

Six energy storage projects, totalling 3,626MWh of energy, have secured support via the Australian government’s Capacity Investment Scheme (CIS).

The Clean Energy Council (CEC) of Australia has revealed that six large-scale energy storage projects totalling 573MW/2,047MWh reached financial commitment in the second quarter of 2024.

System integrator Stem Inc has received a warning from regulators over its NYSE listing, while zinc battery technology firm Eos Energy Enterprises completed the first milestones related to private equity firm Cerberus’ investment.

BESS developer-operator Aquila Clean Energy has started building a 50MW/100MWh project in Germany, its first major one in the country.

The administrators appointed to handle the affairs of Australian flow battery manufacturer Redflow have already received interest from prospective buyers and investors.