Australian investment bank Macquarie Asset Management (MAM) has agreed to acquire a significant minority stake in US independent power producer D.E. Shaw Renewable Investments (DESRI) in a deal worth up to US$1.73 billion.
The government of Queensland has committed to investing in a factory in the Australian state that will make flow batteries based on iron electrolyte technology.
Investor Return has acquired an energy storage development platform in Germany, Swedish optimiser Flower has bought another large-scale BESS project, while Romania’s CIS Group has revealed a flurry of solar and storage projects.
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.
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.
