Latest Battery Storage News

AGL Energy’s FY25 results show a strategic pivot with $900 million invested in battery projects despite a 9% EBITDA decline, setting the stage for a flexible energy future.

AGL Energy reported a statutory loss for FY25 but maintained solid underlying profits, while setting ambitious growth and sustainability targets for FY26. The company’s evolving strategy highlights investments in battery storage and renewable capacity as it adapts to market challenges.

LGI Limited reported a robust FY25 with 14% EBITDA growth driven by expanded renewable energy capacity and carbon credit sales, while setting ambitious FY26 guidance of 25-30% EBITDA growth.

LGI Limited reported a robust FY25 with a 13.6% increase in underlying EBITDA to $17.4 million, expanded renewable capacity by 44%, and declared a fully franked dividend. The company’s strategic investments in battery storage and biogas infrastructure position it well in Australia’s energy transition.

WestStar Industrial’s subsidiary SIMPEC has landed a significant $11 million contract to expand Tianqi Lithium’s Kwinana hydroxide processing facility, reinforcing its role in Australia’s energy transition.

HMC Capital has completed its acquisition of Neoen Australia's Victorian assets, adding 652 MW of operational battery storage and a 2.8 GW development pipeline to its energy transition platform. This strategic move positions HMC as a growing leader in Australia's renewable energy sector.

Wildcat Resources has announced a promising new lithium discovery at Bolt Cutter Central near its Tabba Tabba project in Western Australia, with maiden drilling revealing multiple high-grade pegmatite intercepts open in all directions.

MPower Group has entered a binding agreement to sell its renewable energy assets and platform to Wollemi Energy Group for approximately $19 million, marking a pivotal shift in its business strategy.

Australian Vanadium Limited (AVL) reports strong progress on its integrated vanadium project, moving closer to final feasibility and advancing its utility-scale battery storage system, Project Lumina.

Frontier Energy advances its strategic investor process with multiple proposals and prepares bids for the 2025 Capacity Investment Scheme tender, while progressing key development milestones for its Waroona Renewable Energy Project.

GreenHy2 Limited has strengthened its cash position to $1.58 million while progressing its flagship Telstra hydrogen storage project and expanding its battery technology portfolio.

Petratherm Limited has significantly expanded its Rosewood Titanium Discovery at the Muckanippie Project through Phase 2 drilling, revealing high-grade mineralisation over a 20km² area that remains open to the north. The company also completed Phase 3 drilling and strengthened its leadership with a key executive appointment.