Some 2.5GW of BESS projects in the UK have won contracts across the T-1 and T-4 capacity markets (CM), announced in a week which also saw project financings worth a combined c.£1 billion, including from Zenobē, Constantine and Quinbrook.

In light of lengthy interconnection delays, independent power producer (IPP) NextEra Energy Resources (NEER) has successfully renegotiated the terms of an offtake agreement associated with one of the developer’s solar and storage projects located in Clark County, Nevada. 

Rio Tinto has penned an offtake agreement to secure 2.1GWh of BESS capacity from an Edify Energy-owned asset in Queensland, Australia.

Ark Energy has penned a battery supply agreement with Hanwha Energy for a 275MW/2,200MWh BESS in northern New South Wales, Australia.

Over 6GW of energy storage capacity has been included within the Australian government’s inaugural National Renewable Energy Priority List.

Acen Australia has started construction on a 200MW/400MWh BESS co-located at the 720MW New England site in New South Wales, Australia.

Australia’s Clean Energy Council (CEC) has said that energy storage saw a strong year in 2024 with a capacity of 4,029MW/11,348MWh having reached financial commitment.

Modo Energy has said that battery energy storage systems (BESS) in Australia’s National Electricity Market (NEM) earned an average of AU$148,000/MW (US$92,810/MW) in 2024, a 45% increase year-on-year.

Renewable energy developers and IPPs discussed the growing attractiveness of co-locating storage and solar at Solar Finance & Investment Europe (SFIE) 2025 this week.

Potentia Energy, a joint venture co-owned by Enel Green Power and INPEX, is set to secure several battery energy storage system (BESS) assets across Australia as part of a 1.2GW portfolio acquisition.