NEM-wide battery price spreads fell 85% in a single year to average AU$51/MWh (US$35/MWh) in Q2 2026, according to AEMO.

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.

System integrator FlexGen Power Systems has secured a revolving credit facility (RCF) of US$75 million with J.P. Morgan.