Akaysha Energy has secured $250 million in new financing that will accelerate the development of two large-scale battery projects in Queensland set to add a combined 710 MWh of energy storage capacity to the National Electricity Market.

Australia’s corporate watchdog has filed a lawsuit against Sydney-based Magnis Energy Technologies and its executive chairman for allegedly failing to disclose details about the “true situation” at the lithium-ion battery company’s United States manufacturing facility.

China’s energy landscape is undergoing a staggering transformation propelled by its leadership in cleantech innovation, declining costs in renewable energy technologies and a massive acceleration of its renewables build out, underpinned by central policy support that sees decarbonisation as a key economic goal.

French renewable energy and storage developer Neoen has initiated construction of the next stage of what will be one of Australia’s largest battery energy storage systems after securing a second four-hour capacity services contract for Western Australia’s main electricity grid.

The renewables arm of Singapore-based fund manager Cambridge RE Partners has unveiled plans for its first Australian project, announcing it has submitted a development application to establish a 300 MW solar farm in northern Queensland.

Australian clean energy developers Atmos Renewables and Nomad Energy have received the green light for a 100 MW, four-hour battery energy storage system to be built near Merredin in Western Australia’s central Wheatbelt region.

In 2023 solar photovoltaics and wind comprised about 80% of global net generation capacity additions. Four times as much new solar and wind electricity generation capacity was installed in 2023 as compared with all other electricity sources combined.

The rollout of large-scale solar in New Zealand continues to gather pace with renewables developer FRV Australia and joint venture partner Genesis Energy announcing that construction proper has commenced on a 47 MW solar farm at Lauriston on the country’s South Island.

Singapore-based renewables developer Vena Energy has launched commercial operations of a 125 MW solar farm in Queensland’s Western Downs region that is backed by a long-term offtake agreement with global tech giant Amazon.

The federal government’s plan to deploy 400 community batteries across the nation to soak up excess solar generated on neighbourhood rooftops has reached the Australian Capital Territory with sites for three new battery energy storage systems unveiled.