Engie has acquired a 30% equity stake in the Hazelwood battery energy storage system (BESS) in Victoria, Australia.

Sahand Karimi and Henry Swisher of OptiGrid examine the two primary metrics used to evaluate the performance of battery storage trading: normalised revenue and percentage of perfect capture rate.

Global infrastructure investor I Squared Capital has launched ANZA Power, a next-generation independent power producer (IPP) in Australia and New Zealand.

BlackRock-backed Akaysha Energy has commenced operations at its 205MW/410MWh Brendale battery energy storage system (BESS) in Queensland, Australia, delivering the project close to five months ahead of the original schedule.

Australian thermal energy storage company 1414 Degrees has received critical regulatory approval from AEMO for its 140MW Aurora BESS.

Two pumped hydro energy storage (PHES) projects have been submitted for approval under Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.

BlackRock-backed developer Akaysha Energy is reportedly considering options to raise additional funds, including selling a minority stake, to support the expansion of its battery energy storage operations.

ASL has launched a consultation on a new Hybrid Generation LTESA product alongside its 2026 NSW Consumer Trustee Investment Priorities.

While coal and gas power plants grapple with cost increases, Australia’s battery storage sector delivers a different story, with costs plummeting across all durations.

Javier Savolainen of Wärtsilä explains how Australia’s battery storage and pumped hydro fleet have been impacted by the current heatwave.