Australian energy minister Chris Bowen has said tenders for 500MW of renewable energy backed with energy storage will open in the middle of this year in Western Australia (WA).

Construction has kicked off at the largest battery project in Australia to date, with a storage capacity equivalent to the entire country’s fleet of projects in construction at the end of 2022.

This Friday Briefing looks back at how the industry in 2021 theorised the UK battery storage market playing out.

State government-owned energy company Synergy has received planning approval for its 500MW/2,000MWh Collie Battery Energy Storage System (CBESS) project in Western Australia.

Energy storage could save taxpayers in Germany some €3 billion (US$3.3 billion) in subsidies for renewable energy assets by 2037, simply by increasing demand in the wholesale electricity market.

Western Australia (WA) has said it will provide funding for two battery energy storage system (BESS) projects that will be among the biggest in Australia to date.

Moves by the US’ Federal Energy Regulatory Commission (FERC) to assess electricity storage’s potential role in wholesale markets and in maintaining a low-cost, reliable network have been welcomed by the Washington-headquartered Energy Storage Association.