By the end of December 2025, China’s cumulative installed capacity of new energy storage technologies including lithium-ion reached 144.7GW, representing an 85% year-on-year rise.

Three energy storage projects have reached key milestones, including pumped hydro, thermal storage, and geothermal alternatives to battery energy storage systems (BESS).

Two pumped hydro energy storage (PHES) projects have been submitted for approval under Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.

While coal and gas power plants grapple with cost increases, Australia’s battery storage sector delivers a different story, with costs plummeting across all durations.

Solar Energy Corporation of India (SECI) has agreed on BESS and hybrid solar developments with the Government of Andhra Pradesh.

The 2GWh Kidston Pumped Hydro Project has been registered in the Australian Energy Market Operator’s (AEMO) Market Management System (MMS).

Queensland’s Energy Roadmap 2025 suggests that by 2030, up to 4.3GW of short-duration energy storage could be operational.

Just over 70% of the successful projects in the first window of the UK’s long-duration energy storage (LDES) scheme are using lithium-ion BESS technology.

The Queensland government has invested AU$48 million to overhaul the ageing 5.7GWh Wivenhoe Pumped Hydro Power Station in Australia.

“The industry has to continue to be aggressive,” says Luigi Resta, president of US renewable energy and energy storage developer rPlus Energies, on the US remaining a competitive market for energy storage.