BlackRock-backed Akaysha Energy has secured AU$460 million (US$299 million) in construction financing for its 311MW/1,244MWh Elaine battery energy storage system (BESS) in Victoria, Australia.

ESN Premium speaks with Neha Sinha of Wärtsilä Energy Storage, about DC-coupled solar-battery hybrids in Australia.

Battery storage capacity in Australia’s National Electricity Market (NEM) expanded by 2,936MW/6,482MWh over the 12 months leading to the end of Q3 2025.

A “silver buckshot, not a silver bullet” has emerged as the rallying cry for Australia’s energy storage, said Paul Hunyor of Wollemi Capital.

“The energy transition is not a pipe dream. It’s here and it’s happening right now,” declared Jackie Trad, the newly appointed CEO of the Clean Energy Council, at the start of All-Energy Australia 2025 in Melbourne this morning (29 October).

AEMO has reported a record 56.6GW of new generation and storage capacity in the National Electricity Market (NEM) development pipeline.

Samsung C&T Renewable Energy Australia is seeking federal approval for a 200MW battery energy storage system (BESS) project located near Townsville, Queensland.

South Australia has officially opened its inaugural Firm Energy Reliability Mechanism (FERM) tender round, seeking up to 700MW of long-duration energy storage (LDES) capacity to enhance grid reliability and support the state’s renewable energy transition.

Developer Eku Energy has submitted its 400MW/1,600MWh Monduran battery energy storage system (BESS) project for environmental assessment under Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.

Powerlink Queensland is seeking federal approval for transmission infrastructure connecting AGL Energy’s 2,000MWh Tuckeroo battery energy storage system (BESS) to the Western Downs Substation in Australia.