UK power generation firm Drax will not bid its Cruachan II pumped hydro energy storage (PHES) project into the LDES cap and floor scheme, saying that costs have risen while ‘recoverability of capital’ is unclear.

Leading BESS owner-operators in the UK have signalled their opposition to the government’s cap and floor support scheme for long-duration energy storage (LDES) in an open letter. We spoke to one its signatories James Basden, founder of Zenobē, about why.

The Queensland government has announced plans to release a five-year Energy Roadmap and transferred oversight of a 20GWh PHES project.

State-owned company WaterNSW has confirmed it is exploring opportunities to implement pumped hydro energy storage (PHES) across 41 of its dams in New South Wales, Australia.

NSW’s BESS pipeline, PHES in Tasmania and the ‘home of utility-scale storage’ were discussed at the Energy Storage Summit Australia 2025.

AGL Energy has submitted a 3,200MWh PHES project in New South Wales to the Australian government’s EPBC Act.

Queensland Hydro is set to progress the development of its 48GWh Borumba site despite government concerns about its viability in Australia.

The government of Estonia will financially back a 500MW pumped hydro energy storage project to meet the country’s need for long-duration energy storage, as the Baltics prepare to disconnect from Russia’s grid this weekend.

The cancellation of the 5GW/120GWh Pioneer-Burdekin Pumped Hydro Project in Queensland, Australia, has seen power price forecasts jump by over 60% for 2035.

Engineering group Gamuda and infrastructure developer Ferrovial have been signed up in an early contractor involvement (ECI) deal for a 12GWh pumped hydro energy storage (PHES) project being developed in Queensland.