Battery energy storage revenues in Australia’s National Electricity Market (NEM) fell 61% in September 2025 to AU$85,000/MW (US$56,712/MW) as price volatility eased across the grid, according to new research from Modo Energy.
A renewable energy subsidiary of oil & gas company Reservoir Link has agreed to jointly develop the first dispatchable solar PV power plant in Malaysia.
Victoria, Australia, has seen just under 5GWh of battery energy storage systems (BESS) granted approval for development by the state and federal governments.
President of the Philippines, Ferdinand Marcos Jr., was in attendance as the country’s first ‘baseload’ power plant to combine solar PV and battery storage officially went into action.
Grenergy has secured a senior non-recourse financing agreement worth US$270 million for Phase 6 of its flagship Chilean solar-plus-storage project, Oasis de Atacama.
Public Service Company of New Mexico (PNM) has laid the groundwork for a new 120MWh distribution-connected portfolio of battery energy storage system (BESS) projects.