Latest Battery Storage News

MPower Group has struck a deal to sell nearly all its renewable energy assets to Wollemi Energy Group for about $19 million, unlocking significant shareholder value and setting the stage for a strategic reset.

AGL Energy has confirmed it is reviewing its 20% stake in Tilt Renewables following recent media speculation, though no sale discussions are underway. The outcome remains uncertain as the company conducts preliminary assessments.

Cobalt Blue Holdings has completed a scoping study for its Halls Creek Project in Western Australia, outlining a staged development plan with promising economics and a sustainable power strategy. The project targets near-term copper and zinc production with a modest initial capital outlay.

Perpetual Resources is set to commence its first-ever drilling campaign at the Igrejinha Lithium Project in Brazil’s Lithium Valley, targeting high-grade spodumene pegmatites with results expected in July.

Contact Energy Limited has announced a court-approved scheme to acquire Manawa Energy Limited, offering Manawa shareholders $1.12 cash plus 0.5830 new Contact shares per share, representing a significant premium. The merger aims to create a diversified renewable energy portfolio with substantial synergies and growth prospects.

Simble Solutions Limited reported solid operational progress in 2024 and early 2025, highlighting new partnerships, product integrations, and a strategic push into renewable energy developments.

Australian Vanadium’s subsidiary VSUN Energy reports improved cost competitiveness for Project Lumina’s vanadium flow battery system, positioning it strongly in Australia’s growing long-duration energy storage market.

Macquarie Group Limited has posted a 5% increase in net profit for FY2025, driven by strong asset management and banking growth, while advancing its sustainability and digital innovation agenda.

Quantum Graphite Limited has been granted Major Project Status by the Australian Government for its Quantum-Sunlands Eyre Peninsula Graphite Hub, marking a significant milestone in its graphite supply chain development. Concurrently, the company progresses a US$300 million financing application with the US EXIM Bank and secures an Australian patent for its joint venture’s thermal energy storage technology.

Santos Limited's 2024 Annual Report reveals a 5% drop in production and a 9% decline in sales revenue, yet highlights progress in carbon capture and storage and emissions reduction. The company maintains a strong balance sheet while advancing its Climate Transition Action Plan.

Petratherm Limited has confirmed a significant titanium-rich heavy mineral sands discovery at its Muckanippie Project, with drilling extending mineralisation over 15 square kilometres and a recent $8.1 million placement to accelerate development.

Regis Resources reported a robust March quarter with steady gold production and early repayment of its $300 million term loan, reinforcing its financial flexibility. The company also updated Tropicana’s Ore Reserves and advanced underground growth projects while navigating ongoing legal challenges at McPhillamys.