Energy infrastructure platform Revera Energy has completed an expanded US$150 million credit facility to accelerate development and construction of its battery storage, solar, and green hydrogen project pipeline across Australia and the UK.

The Victoria government has approved two large-scale battery energy storage system (BESS) projects totalling 700MW through its Development Facilitation Program (DFP).

Sam Markham of Fluence Australia believes grid-forming BESS are essential to deliver a safe, secure and affordable decarbonised power system.

NSW concludes Australia’s largest LDES tender, awarding six battery projects 12GWh. Industry calls it “game-changer” for grid reliability.

Valent Energy has received development approval from the New South Wales government and satisfied AEMO grid compliance requirements under clause 5.3.4a for its 150MW/437MWh Armidale Battery Energy Storage System (BESS).

Octopus Australia has announced plans to develop what it claims is Australia’s “largest planned battery energy storage system (BESS)” in New South Wales.

Origin Energy has begun generating revenue from the initial stage of the Supernode and the Eraring Stage 1 battery storage projects, located in Queensland and New South Wales, Australia.

South Australia’s battery storage fleet entered a 4-hour AU$1,000/MWh (US$700/MWh) price event at around 90% state of charge during the Australia Day heatwave.

Engie has acquired a 30% equity stake in the Hazelwood battery energy storage system (BESS) in Victoria, Australia.

Sahand Karimi and Henry Swisher of OptiGrid examine the two primary metrics used to evaluate the performance of battery storage trading: normalised revenue and percentage of perfect capture rate.