Toronto, Ontario-headquartered Hydrostor has secured a US$200 million investment for its advanced compressed air energy storage (A-CAES) projects both in Canada and globally.
Allegro Energy, an Australian-based developer of water-based redox flow battery energy storage solutions, has been awarded AU$1.85 million (US$1.17 million) in federal government funding to scale its technology.
Australia’s Victoria government has fast-tracked the approval process for a 1.8GWh battery energy storage system (BESS) being pursued by developer Birdwood Energy.
Investor Macquarie’s storage platform Eku Energy’s market entry and strategy speaks to the broader emergence of storage as an infrastructure asset, which its CEO discussed with us, also giving his views on BESS capex and procurement.
The New South Wales government has revealed that its green bank, the Energy Security Corporation, will invest in short to long-duration energy storage (LDES) projects as part of its first Investment Mandate.
Energy storage developer and system integrator Energy Vault has been tapped by Victoria’s State Electricity Commission (SEC) to deliver a 100MW/200MWh government-owned battery energy storage system (BESS) in Australia.
Australia’s Clean Energy Council (CEC) has said that energy storage saw a strong year in 2024 with a capacity of 4,029MW/11,348MWh having reached financial commitment.
Wind developer WestWind Energy has signed a lease agreement with Australia’s New South Wales government for the development of a 1,500MWh wind-plus-storage site in the south-west of the state.
