Zen Energy, a South Australian renewable energy company co-founded by economist Ross Garnaut, has appointed voluntary administrators after its retail business failed to secure a viable buyer.
Australian AI infrastructure developer Firmus Technologies has signed a 12-year wholesale energy supply agreement with Gunvor Group, including 1.5GWh of battery storage by 2032.
The Australian government has announced the results of Capacity Investment Scheme (CIS) Tender 8, selecting 15 battery energy storage projects across the National Electricity Market (NEM), totalling 4.2GW/16.1GWh.
South Australia’s first Firm Energy Reliability Mechanism (FERM) tender has awarded agreements to six battery energy storage projects totalling 1,334MW and 5,336MWh.
Battery energy storage systems (BESS) have emerged as the defining feature of Australia’s Capacity Investment Scheme (CIS) Tender 7, with 2GW/7.9GWh of co-located energy storage successful.
Australia has emerged as the world’s third-largest utility-scale battery energy storage market, with 4.3GW of large-scale battery storage systems reaching financial close in 2025.