Australia Energy Storage Systems (ESS) News

Recent industry report about Australia Energy Storage Systems (ESS) company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Australia Energy Storage Systems (ESS) Market industry experts.

Australia Energy Storage Systems (ESS) News

On January 10, 2022, Woodside Energy submitted a proposal for a 500 MW solar facility and a 400 MWh battery storage to the Western Australian Environmental Protection Authority. The facility would cover 975.6 ha within a development envelope of 1,100.3 ha. According to the proposal, the solar facility will install 1 million solar panels and support infrastructures, such as a battery energy storage system and an electrical substation.

In August 2021, Wärtsilä was supposed to supply a battery energy storage system (BESS) to AGL Energy, one of Australia's leading integrated energy companies. The 250 MW/250 MWh system will be installed at Torrens Island in South Australia. When installed, the system is expected to support a broad portfolio of generating assets, both thermal and renewable, and help Australia decarbonize and transition toward a 100% renewable energy future.

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  • January 2024: 3E partners partnered with SynaptiQ to reveal their joint effort with The Energy Act for Ukraine Foundation (EAFU), a Ukrainian charitable organization committed to tackling the energy poverty challenge arising from the Russian invasion. This collaboration signifies a noteworthy advancement in enhancing the effectiveness of EAFU's primary endeavor, particularly in ensuring an uninterrupted power supply for schools and hospitals impacted by the conflict in Ukraine.
  • October 2023: ABB approved Zincfive as a supplier of nickel-zinc batteries alongside lithium-ion and lead-acid batteries for their UPS systems. ZincFive's BC series of nickel-zinc battery cabinets can be installed and supported as part of an ABB uninterruptible power supply system.
  • June 2023: The Indian government shall offer USD 455.2 million as incentives to the companies for installing battery energy storage projects of 400 MWh. The government intends to reach its 2030 goal of 500 MW of renewable capacity.
  • April 2023: At the Dhule substation in Maharashtra, India Grid Trust completed its first battery energy storage system (BESS) project in conjunction with solar panels.
  • In November 2022, Harmony Energy Income Trust, an investment firm, announced that its Pillswoodproject in Yorkshire, UK, had gone live four months earlier than planned. According to Harmony, the 98MW/196MWh facility is Europe's largest BESS project by MWh. This is enough to power approximately 300,000 UK homes for two hours. The project will provide balancing services to the UK electricity grid network using a Tesla two-hour Megapack. Harmony Energy developed the project, with Tesla overseeing construction. Autobidder, Tesla's algorithmic trading platform, will manage the project.
  • In September 2022, Global energy company RWE announced they would bring a 72MW battery energy storage system (BESS) online by the end of 2022 in Werne, Germany. The two BESS units are made up of 420 lithium-ion batteries having a combined output of 117 MW.
  • In June 2022, Warstillaannounced to partner with SSE Plc to deliver 50 MW/ 100 MWh of battery energy storage system in Salisbury, United Kingdom, for the SSE solar power plant, and the battery energy storage system is expected to be commissioned in September 2023.
  • September 2024: Photon Energy announced the successful completion and commissioning of a 7.5 MWp photovoltaic power plant in Romania. Situated near Făget in Timiș county, this plant marks a pivotal addition to the company's expanding portfolio of renewable energy assets. With the inauguration of this facility, Photon Energy now operates a total of 100 plants, further solidifying its stature in the solar energy market.
  • August 2024: INVL Asset Management, a fund manager based in Lithuania, successfully raised EUR 24.4 million (USD 26.4 million) to construct a 60-MW solar farm in Romania. The financing, evenly divided between the European Bank for Reconstruction and Development (EBRD) and Eiffel Investment Group based in France, was allocated to INVL Renewable Energy Fund I. The solar farm is set to be established in Dolj County, Romania.
  • November 2024: N-Sea inked a long-term charter deal with Mainport Shipping for the vessel Geo Master. Neptune Construction in Hardinxveld-Giessendam, the Netherlands, is set to build the vessel. N-Sea highlighted that the new vessel mirrors the design and equipment of the Geo Ranger, which is already managed and controlled by the N-Sea Group. N-Sea will exercise full commercial management and control over the vessel. The delivery is slated for the first quarter of 2026, with operational status anticipated by mid-March 2026.
  • November 2024: Sea1 Offshore is poised for expansion, placing an order for two next-generation offshore energy support vessels from Cosco Shipping (Qidong) Offshore. Each of the newly ordered vessels will span 120 meters in length and boast a cargo deck area of 1,400 square meters. Equipped with a 250-tonne deck crane, each ship will also accommodate up to 120 personnel. Furthermore, both vessels will feature an ROV hangar and a moonpool. Designed with future sustainability in mind, the vessels will be methanol-ready, and their generators will operate on 100% biofuel. With the anticipated delivery of these new builds in 2027, Sea1's fleet will expand to 19 modern offshore vessels.
  • June 2024: LS Cable & System began the mass production of 525 kV High Voltage Direct Current (HVDC) cables, which are to be used for TenneT’s 2 GW grid connection systems BalWin4 & LanWin1.
  • May 2024: The United Kingdom Port of Tyne negotiated with LS Eco Advanced Cables for a long-term lease for a cable factory. LS Eco Advanced Cables is interested in the potential for a high-voltage direct current (HVDC) factory on the Tyne Renewables Quay site in northeast England, worth an investment of USD 1,190 million. Both parties have signed an agreement for a limited but extendable period of exclusivity during which the Port of Tyne has agreed to refrain from entering party transactions to allow the parties time to negotiate agreements for the grant of a long lease relating to the Tyne Renewables Quay site.
  • September 2024: WHA Utilities and Power Public Company Limited (WHAUP) announced a collaboration with S.P.M. Animal Feed Co., Ltd. and A.P.M. Agro Co., Ltd. to develop a 9 MW solar power project in Ratchaburi. This project includes a 3.51 MW floating solar system, a 1.066 MW ground-based solar farm, and a 4.395 MW solar car park, with a total investment of 200 million baht. This project is set to start supplying electricity by 2025.
  • July 2024: Myanmar’s CAG Engineering Co Ltd. and several Thai technical expert companies, including PEA Encom Co Ltd and others, signed an MOU to explore and develop renewable and traditional power sources. The agreement focuses on enhancing solar, wind, hydro, and natural gas projects.
  • December 2023: Cummins Inc. unveiled its latest generator models: the C1760D5, C1875D5, and C2000D5B, offering enhanced power capabilities for a broader spectrum of applications.
  • February 2023: Caterpillar unveiled the Cat XQ330 mobile diesel generator set that caters to standby and prime power applications, aligning with U.S. EPA Tier 4 Final emission standards. The XQ330, driven by the Cat C9.3B diesel engine, boasts a rating of up to 288 kW for standby and 264 kW for prime operation at 60 Hz. At 50 Hz, it can deliver up to 341 kVA in standby and 310 kVA in prime power applications.
  • September 2023: Ørsted announced that the company entered its first solar project in the United Kingdom. The project, which will have a capacity of 740 MW, is located in Nottinghamshire near the border of Lincolnshire and is being co-developed with PS Renewables.
  • June 2023: The UK Government approved the construction of the country's largest solar farm, large enough to power about 60,000 households, on farmland near Chelmsford. Longfield Solar Farm, which spans 380 hectares of intensive arable farmland near Terling, has the potential to generate enough electricity to supply four times the energy needs of all new dwellings planned for Chelmsford over the next 13 years.
  • June 2023: AMPYR Solar Europe announced the acquisition of a 390 MWp Solar PV + BESS portfolio from Tyler Hill, which includes sites across the United Kingdom. The five projects have grid security and are being presented for planning approval. AMPYR Solar Europe will work with Tyler Hill to bring the assets to a "ready-to-build" level before beginning construction in 2024.
  • March 2024: AMEA Power, a Dubai-based renewables developer, announced that it is progressing with its 500-MW Abydos solar project in Egypt. The project is located in Kom Ombo, Aswan governorate, and has power purchase agreements in place with the Egyptian Electricity Transmission Company (EETC).
  • June 2023: A group of companies, including Abu Dhabi’s Masdar, signed an agreement with Egypt’s New and Renewable Energy Authority. The agreement is to secure land for a USD 10 billion wind farm. The farm will have a capacity of 10 GW and will produce 47,790 GW hours of clean energy annually.

Australia Energy Storage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)