Energy Storage Developments: Key Updates from Australia, the US, and Beyond

Energy

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The Energy Security Corporation has officially launched in New South Wales, Australia, with an initial funding allocation of AU$1 billion.

Developer Atmos Renewables has successfully achieved financial close on its 400MWh Merredin battery energy storage system (BESS) in Western Australia.

As US Senators vote on the tax reconciliation bill, clean energy experts Jessica Dunn from the Union of Concerned Scientists (UCS) and Tonja L. Wicks of esVolta are discussing its potential impacts.

Moment Energy’s battery energy storage system (BESS) manufacturing hub in Vancouver, British Columbia, Canada, has reached full-scale production.

According to Wood Mackenzie, US battery storage deployments could decline by 29% in 2026 due to ongoing policy uncertainty.

Spanish developer and independent power producer (IPP) Zelestra has reached financial close for its hybrid 1GWh BESS and solar PV plant in Chile.

Battery energy storage system (BESS) developer Giga Storage has acquired a 350MW/1,400MWh BESS asset in Germany, marking its entry into the broader European energy storage market.

Alinta Energy has approved the development of the first stage of its Reeves Plains Energy Hub BESS in South Australia.

As US Senators begin voting on the tax reconciliation bill, the future of clean energy in the US hangs in the balance, with a draft published recently that imposes strict limitations on clean energy tax credits.

Globeleq and African Rainbow Energy have reached commercial close on the 612MWh Red Sands BESS project in South Africa.
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