Big batteries supercharge 2025’s first quarter adding 1.5 GW storage capacity
To the tune of $2.4 billion, six utility-scale battery storage projects reached financial close in the first quarter of 2025 kickstarting the year with 1.5 GW of storage capacity and 5 GWh of energy output.
Xodus lands WA site for giga-scale green hydrogen project
The Western Australian government has allocated United Kingdom-headquartered energy consultancy Xodus Group land on the state’s mid-west coast to support the development of a proposed 1 GW green hydrogen production project.
Zenaji launches global licensing model for LTO battery technology
Australian battery manufacturer Zenaji has launched a global licensing model that allows international partners to manufacture and rebrand its proprietary Aeon and Eternity lithium titanate oxide energy storage systems.
Volvo reveals Australian-made plans for electric trucks
Swedish truck and bus manufacturer Volvo Group has confirmed it will begin building heavy-duty electric trucks in Australia next year after announcing what it says is the largest order to date for battery-electric trucks in this country.
SEC renewables to power 5% of Victoria’s electricity market
Victoria’s government-owned State Electricity Commission has re-entered the retail market with the signing of contracts that will see it power approximately 5% of the state’s electricity market.
Victoria puts an end to no-interest solar battery loan program
The Victorian government has announced applications for the state’s interest-free solar battery loan program are no longer being accepted, declaring that the rollout of energy storage systems under the scheme has exceeded expectations.
Pacific Energy completes $2 billion funding raise to boost growth plans
Queensland-based investor QIC’s remote and off-grid power specialist Pacific Energy has successfully completed an almost $2 billion refinancing and equity raise that will bankroll the Western Australian company’s growth plans.
World’s first offshore solar-wind project moves forward
An offshore solar farm is being deployed close to an existing wind farm as part of a project in the Dutch North Sea. The developers have recently installed an anchoring system that will hold the solar farm in place while an electrical cable connects the array to a nearby wind turbine foundation.
Kite Magnetics nets $3.6 million to scale up production of EV tech
Victorian startup Kite Magnetics has secured a $3.6 million investment from one of the world’s biggest producers of battery-grade lithium chemicals to scale up production of a patented nanocrystalline magnetic material designed to improve the performance of electric motors and generators.
AEMO kicks off consultation on electricity network options
With cost estimates for overhead transmission line projects blowing out by up to 55%, the Australian Energy Market Operator has launched formal consultation on a draft report outlining a range of new and updated transmission network developments along with distribution network augmentation options.
