Australia’s energy storage sector has seen trio of significant announcements around major battery energy storage system (BESS) projects.

G7 nations have agreed a new global energy storage target of 1500GW by 2030, a six-fold increase from today’s levels.

IPP Neoen has launched construction on the the second phase of its Collie BESS project in Western Australia, following a capacity services contract award.

Developer Someva Renewables and utility AGL have proposed a project in New South Wales combining wind, solar and up to 500MW/2,000MWh of energy storage.

An official opening took place this morning for the new vanadium flow battery electrolyte factory in Western Australia build by Australian Vanadium (AVL).

Australia runs a great risk of failing to meet its ambitious but achievable renewable energy goals, writes Stephanie Bashir, CEO of Nexa Advisory, who explains why utility-scale energy storage is among the crucial tools in the country’s energy transition toolkit.

The newest ancillary services product in Australia’s National Electricity Market (NEM) has been forecast to offer “significantly higher” revenues than other opportunities for battery storage.

Vertically integrated solar PV company Canadian Solar has sold a grid-scale battery energy storage system (BESS) project in South Australia to Epic Energy.

Akaysha Energy took Final Investment Decision (FID) on Queensland BESS, while another of its projects has achieved key grid code compliance.

Three utility-scale long-duration energy storage (LDES) projects have been selected for contract awards in a tender held on behalf of the state of New South Wales, Australia.