BESS have emerged as the defining feature of Australia's Capacity Investment Scheme Tender 7, with 2GW/7.9GWh of energy storage awarded.

Australia is the world's third-largest utility-scale BESS market, with 4.3GW of large-scale battery storage systems reaching financial close.

BESS have emerged as the defining feature of Australia's Capacity Investment Scheme Tender 7, with 2GW/7.9GWh of energy storage awarded.

Queensland's Swanbank BESS earned AU$743,000 in dispatch revenue, more than double the AU$306,000 generated by the Victorian Big Battery.

The Australian government has officially launched the latest tender in its Capacity Investment Scheme initiative, a competitive round targeting 5 GW of renewable energy generation…