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.

Copenhagen Infrastructure Partners (CIP) has issued notice to proceed for Summerfield large-scale battery storage project in South Australia.

Developer Amp Energy has closed project financing for the construction of the first stage of its 500MWh Bungama BESS in South Australia. 

A 350MW wind-plus-storage site in Tasmania, Australia, which features a 600MW/2,400MWh battery energy storage system (BESS), has been granted ‘Major Project’ status by the state’s government.

Battery recycling firm Livium, via its wholly owned subsidiary, Envirostream Australia, has partnered with Chinese battery manufacturer Hithium Energy to recycle lithium-ion batteries from Lightsource bp’s Woolooga solar-plus-storage site in Queensland.

French independent power producer (IPP) Neoen has secured AU$1.4 billion (US$890 million) in capital to help fund energy storage and solar PV projects in Australia.

The first Capacity Investment Scheme (CIS) tender round in Australia successfully awarded 3.5GWh of co-located battery energy storage systems (BESS) as renewables-plus-storage projects.

Australian utility Origin Energy has confirmed that the first stage of the Eraring battery energy storage system (BESS) has been energised.

French independent power producer (IPP) Neoen has agreed to sell its operational and development projects in Victoria, Australia, including the 350MW/450MWh Victorian Big Battery, for AU$950 million (US$610 million).

AEMO said that new energy storage capacity that has come online will play a key role in grid stability throughout the 2024-25 summer months.