FRV Australia reaches financial close on 500MWh grid
FRV Australia has reached financial close on the 250MW/500MWh Gnarwarre battery energy storage system (BESS) in Victoria.
Renewable storage technologies have the potential to revolutionise clean and reliable energy access in remote communities, support cost-effective decarbonisation in industry and transform Australia into a green hydrogen export superpower.
Long-duration storage projects can bid for financial support under the new NSW Electricity Infrastructure Roadmap Tender 5 which is now open. This tender offers support for up to 1 gigawatt of projects, which can each release energy into the NSW grid for at least 8 hours.
NSW has opened the largest energy storage tender in NSW history, seeking new long-duration storage projects to boost electricity reliability and keep the lights on in NSW. These projects will help ensure a steady and reliable supply of energy around the clock.
This tender will take NSW closer to its target of 2 gigawatts of new long-duration storage by 2030. Long-duration storage serves an important role as it allows renewable energy such as solar and wind to be stored and then released on demand when needed. Projects could include pumped hydro, batteries, compressed air storage and other technologies.
The Australian federal government's 32 GW Capacity Investment Scheme (CIS) is already bearing fruit, with a competitive tender seeking 600 MW of energy storage capacity in Victoria and South Australia attracting 19,000 MW of project proposals. From pv magazine Australia
“The New South Wales Government's strong support of long-duration energy storage (LDES) is an encouraging step towards giving industry the certainty needed to back more investment in energy storage. This is crucial to keep the lights on and prices down, as coal exits our energy system.
FRV Australia has reached financial close on the 250MW/500MWh Gnarwarre battery energy storage system (BESS) in Victoria.
The energy stored within 1 gigawatt of 8-hour long-duration storage is equivalent to the daily energy consumption of around 505,000 households. This tender will take NSW
Renewable storage technologies have the potential to revolutionise clean and reliable energy access in remote communities, support cost-effective
Today''s announcement of retaining the eight-hour definition of long duration energy storage (LDES) within the Energy Infrastructure Act, the procurement of an additional 12 GWh
Australia''s CIS redesign reflects a maturing energy procurement framework that prioritizes speed, transparency, and systemic value. By coupling procedural reform with a
Taiwan''s HD Renewable Energy (HDRE) and ZEN Energy have secured a 795MW greenfield solar PV and energy storage portfolio in Australia.
EnergyAustralia achieved financial close for the Wooreen Energy Storage System on 20th February 2025. Construction will now commence on
CATL has partnered with renewable energy developer ACEnergy to supply 3GWh of battery energy storage systems (BESS) in Australia.
Zen Energy has received approval for a 200MW solar-plus-storage project, which could feature a BESS between 4 and 8 hours in duration.
March 2025 A practical guide to circular procurement for new buildings and major refurbishments was developed by the Green Building Council of Australia and
The CEFC recorded its single largest investment in the HumeLink transmisison project last year. Image: Eku Energy. Australia''s Clean Energy
As Australia moves towards high DER penetration and high renewable energy generation, there will be a need for more battery energy storage systems to offset operational
RWE has been awarded a long-term contract for a 50MW/400+MWh battery storage project in New South Wales, Australia.
AEMO has revealed a significant increase in battery energy storage system (BESS) output in Australia''s National Electricity Market (NEM).
Corporations and supply chains must reassess their renewable energy procurement strategies, engage in early REGO markets once they become available in 2025,
The sourcing of materials for energy storage, EVs and solar modules carries real consequences for the environment. Image: Fluence. Marie Cullen, head of procurement at
Taiwan''s HD Renewable Energy (HDRE) and Australia''s ZEN Energy have formed a joint venture (JV) to invest in, develop and operate energy
The Capacity Investment Scheme (CIS) and Long-Term Energy Service Agreements (LTESA) are government-backed revenue floor contracts aimed at accelerating clean energy and storage
The Clean Energy Council of Australia has revealed that large-scale energy storage projects led investment in the second quarter of 2024.
Australia''s Department of Climate Change, Energy, the Environment and Water (DCCEEW) has announced plans to streamline its
INTEC Energy Solutions Provides full EPC Service for Large-Scale BESS Project in Australia to Lightsource bp INTEC Energy Solutions
JinkoSolar has submitted plans for a 1,440MWh solar-plus-storage project in New South Wales to Australia''s EPBC Act.
Rendering of Akaysha Energy''s Brendale project in Queensland. Image: Akaysha Energy. Australia''s energy storage sector has seen a trio of
In 2023, Australia saw the strongest year for new financial commitments in large-scale storage and hybrid projects with storage, totalling AUD $4.9 billion.
Developer Neoen''s 350MW Victorian Big Battery in Victoria, Australia. The company is now building a 100MW/200MWh system in the ACT. Image: Victoria State
The Benefits of Pumped Hydro in Australia Australia already boasts a pumped hydro fleet of about 1.6GW across the Wivenhoe, Tumut 3 and Shoalhaven power stations,
Following the procurement and contractual close of the Kidston Pumped Hydro Project and Snowy 2.0, multiple pumped hydro energy storage
South Australian solar equipment procurement company Hunter PV has signed an agreement with Jinko Solar for 100 MWh of energy storage
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Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure V (CI V), has initiated construction on the 240 MW
Transgrid will host competitive solicitation for battery storage resources in areas of New South Wales facing increasing electricity demand.
Estimated net revenue, covering both energy and FCAS markets, for grid-scale batteries on the NEM reached AU$69.5 million in Q4 2024.
A tender will open next week in New South Wales, through which 550MW of long-duration energy storage could be procured.
6Wresearch actively monitors the Australia Energy Storage Systems Market and publishes its comprehensive annual report, highlighting emerging trends,
As Australia''s national science agency, CSIRO has turned its decades of expertise in energy to answer this challenge through this Renewable Energy Storage Roadmap. We
South Australia is preparing a long-duration energy storage tender seeking projects with a minimum of 30MW and at least 8 hours in duration.
The Kwinana Battery Energy Storage System project will represent the first major grid-connected battery energy storage system in Western
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