Australia’s Clean Energy Finance Corporation (CEFC) has announced its largest-ever investment commitment, with AU$3.8 billion (US$2.5 billion) allocated to support the Marinus Link interconnector connecting the states of Tasmania and Victoria.

“The speed at which the grid-forming inverters are operating means that standby consumption will be higher,” said Dave Bowly of AGL.

The Australian government has opened two CIS tenders in Western Australia, targeting 2.4GWh of energy storage and 1.6GW of renewables.

“Battery energy storage systems (BESS) typically change ownership between two and four times during their 40-year lifecycle,” John Sheehy, CEO of Pottinger, said on day two of the Battery Asset Management Summit Australia 2025 this morning.

After an initial rush to deploy that gave CAISO and ERCOT the lead in US BESS adoption, both markets are focused on capacity and availability, writes Amit Mathrani of Rabobank Americas.

BESS developer Pacific Green Technologies has secured a AU$77 million (US$49.9 million) debt facility for projects in Australia.

“We’re expecting the results of the Capacity Investment Scheme (CIS) Tender 3 in the coming weeks,” Thimo Mueller, general manager, commercial at ASL, said in the opening keynote of the Battery Asset Management Summit Australia 2025 this morning.

CATL has partnered with renewable energy developer ACEnergy to supply 3GWh of battery energy storage systems (BESS) in Australia.

AGL Energy has deployed approximately AU$900 million toward BESS and renewables in Australia during the fiscal year ending June 2025.

Another edition of news in brief, focusing on the UK market with Wärtsilä, Canadian Solar, Gresham House and Eku Energy.