United Kingdom-headquartered energy analyst company Bloomberg New Energy Finance has forecast Australia is likely to see $5.1 billion in investment in utility scale solar and wind in 2026, though wind will account for 95% of the total.
French energy company Engie has acquired London-headquartered Eku Energy’s minority stake in Engie’s 150 MW / 150 MWh Hazelwood battery energy storage system in Victoria.
CleanPeak Energy has acquired five new solar farm and battery energy storage system development sites across New South Wales from Fortitude Renewables, which are expected to produce 90 GWh of energy per annum.
South Australia-based renewables developer Green Gold Energy says it has received connection approval for a 108 MW solar farm and 440 MWh battery energy storage system being developed in the state’s northeast.
Akaysha Energy says its Brendale battery energy storage system in Queensland has commenced commercial operations close to five months ahead of schedule.
Iola Hughes, Head of Research at Benchmark Mineral Intelligence, says 2026 is set to be another strong year for battery energy storage systems, with forecast additions exceeding 450 GWh and no material supply constraints in sight. Meanwhile, the initial impact of rising lithium prices is already visible at the cell level, but the full effect has yet to ripple through to system pricing.
The working theory for a new energy precinct in South Australia: first come batteries, then comes novel long-duration thermal energy storage.
Australian households, small businesses and community organisations have installed a record-setting 200,000 battery energy storage systems since the launch of the federal rebate in July with the $7.2 billion initiative now expected to deliver more than 2 million home batteries by 2030.
The launch of the new product suggests United States-based manufacturer Tesla could renew its focus on residential solar and expand lease options with its Powerwall residential battery energy storage offering.
Researchers from Australia’s national science agency have teamed with Malaysian authorities to explore how different battery chemistries perform under tropical stressors like heat, humidity and corrosion, and what this means for durability, safety and cost-effectiveness.
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