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.

Australian flow battery manufacturer Redflow is in voluntary administration after being unable to raise equity funding for a strategic plan.

IPP Arevon has been given the green light for the construction and operation of a standalone 200MW/800MWh battery energy storage system (BESS) facility in Los Angeles County, California through the California Environmental Equality Act (CEQA) review process. 

Paul Doherty, principal communications executive at PG&E discusses the California utility’s adoption of energy storage and the many roles it plays for the grid.

Australian electricity retailer AGL Energy confirmed yesterday (14 August) it has entered into a binding agreement to acquire battery energy storage system (BESS) developer Firm Power along with solar PV developer Terrain Solar.

State-owned energy company Stanwell has today (13 August) announced it has started construction on its 300MW/1,200MWh battery energy storage system (BESS) at the coal-fired Stanwell Power Station in Queensland, Australia.