Akaysha Energy has closed financing for a battery storage project in New South Wales, Australia that is planned to be in excess of 1,660MWh capacity.

The Vecco Critical Minerals Project, an AU$798 million (US$540 million) initiative aiming to unlock upstream battery manufacturing, has been declared a “coordinated project” by the Queensland government in Australia.

Emerging energy storage markets across Asia face a similar learning curve today as their maturing counterparts have done in the past.

Independent power producer (IPP) Grenergy has reached financial close on phase one and two of its Oasis de Atacama BESS and solar project in Chile, which will eventually reach 4.1GWh.

Queensland Hydro has launched a public consultation phase for its 2GW Borumba Pumped Hydro Project in Australia.

Australia-based battery energy storage system (BESS) developer, owner and operator Stor-Energy has received a strategic investment from HMC Capital, an ASX-listed asset manager.

The consultation in New South Wales, Australia, on reducing the definition of LDES to 4-hours sparked mixed reactions in the energy sector.

Over the past few days, non-lithium long-duration energy storage (LDES) technology providers have made a plethora of announcements.

Rankings by EY of the most attractive markets for renewable energy investment include battery storage, with US, China and UK as frontrunners.

US$5 million will be made available for long-duration energy storage (LDES) projects via a competitive solicitation run by the New York State Energy Research and Development Authority (NYSERDA).