Modo Energy has signalled that 16.8GW of battery energy storage systems (BESS) will connect to Australia’s National Electricity Market (NEM) by the end of 2027.

Quinbrook Infrastructure Partners has secured AU$722 million (US$452 million) in debt financing for the first two stages of its ‘Supernode’ energy storage project in Queensland, Australia.

Africa’s energy storage market has seen a boom since 2017, having risen from 31MWh to 1,600MWh in 2024, according to trade body AFSIA Solar’s latest report.

This edition of news in brief focuses on energy storage technologies that are emerging or on the path to commercialisation.

Private equity firm Partners Group has invested in ‘green flexibility’, a BESS platform in Germany, with an initial equity commitment of €400 million.

Energy Storage Award 2024 winner, Semih Oztreves, head of network infrastructure at  BESS developer-investor Zenobē Energy, takes part in our annual Q&A series.

At the end of 2024, Australian renewable energy developer ZEN Energy, in partnership with Taiwan’s HD Renewable Energy (HDRE), announced plans to establish a joint venture in Australia that will target 1GW of energy storage capacity.

Western Australia’s Economic Regulation Authority has set the peak and flexible benchmark reserve capacity prices (BRCPs) at AU$360,700/MW (US$224,898/MW) annually from 2027-28.

Solar PV developer Lightsource bp has started construction on two solar-plus-storage projects in Queensland and New South Wales, Australia, following success in the first tender of the Capacity Investment Scheme (CIS).

Research firm Wood Mackenzie has found that daily price volatility from renewables on Australia’s National Electricity Market (NEM) supports a stronger battery revenue outlook.