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).

TCC Group Holdings, the majority owner of New HOrizons Ahead (NHOA), intends to increase its holding and take the company private, delisting it from the Euronext Paris exchange.  

We hear from consultancy AFRY about how energy storage can reduce market risks for CfD-winning projects in the UK, now and in future, as Ørsted launches a BESS at a major wind farm project with a CfD.

Australia’s Clean Energy Council has signaled that Q1 2024 saw signs of recovery for the nation’s renewable energy generation sector but warned that investment levels must radically increase to achieve 2030 decarbonisation targets.

While short-duration BESS has flourished in Ireland, a ‘policy vacuum’ threatens the long-duration energy storage (LDES) rollout required for its renewables goals, research firm Cornwall Insights said.