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.
TotalEnergies, a French energy major, is seeking approval from the federal government’s Environment Protection and Biodiversity Conservation (EPBC) Act for a 320MW solar-plus-storage site in New South Wales, Australia.
Modo Energy has signalled that 16.8GW of battery energy storage systems (BESS) will connect to Australia’s National Electricity Market (NEM) by the end of 2027.
PT Sembcorp Renewables Indonesia, a wholly owned subsidiary of Singapore-headquartered engineering firm Sembcorp, and state-owned PT PLN Nusantara Renewables have launched a utility-scale solar-plus-storage project in Indonesia.
Africa’s energy storage market has seen a boom since 2017, having risen from 31MWh to 1,600MWh in 2024, according to trade body AFSIA Solar’s latest report.
