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.