Latest Energy Storage Systems News

Tasmea has completed its acquisition of Maxim Group, significantly expanding its electrical services footprint and positioning the segment to contribute more than half of FY27 earnings guidance.

Firebird Metals secures independent international validation confirming its manganese sulphate surpasses 99.99% purity, well beyond Chinese industry benchmarks, reinforcing its proprietary processing edge and advancing its Australian Demonstration Plant.

GenusPlus Group has finalized its acquisition of MPC Kinetic, marking a significant diversification into the Queensland gas sector and renewable infrastructure services. The deal was funded through a combination of cash reserves, debt facilities, and a recent $200 million equity raise.

Mainfreight Limited’s 2026 Annual Report reveals a 2.8% rise in revenue to NZ$5.38 billion, while profit before tax slipped 8.5% to NZ$351 million. The integrated logistics group is investing heavily in property and technology, advancing sustainability despite regional profit challenges.

HMC Capital has cleared key regulatory hurdles and locked in a $603 million investment from KKR, trimming its stake in the energy platform now rebranded as Illuma Energy. The deal paves the way for expanded battery storage projects and underpins a targeted development milestone in 2026.

1414 Degrees has secured $8.45 million in a placement to advance its silicon battery technology and renewable energy projects, targeting drone, defence, space, and data centre markets.

1414 Degrees has cleared a key technical hurdle at its Aurora Energy Precinct in South Australia, moving its Stage 1 battery storage project into commercial transmission negotiations amid strong interest from major data centre players.

X2M Connect has partnered with Resi Ventures to deploy its AI-driven platform in regional Australian data centres, starting with a major integrated precinct near Ballarat. The collaboration targets the surging demand for edge computing and sustainable energy management across regional infrastructure.

Richmond Vanadium Technology (ASX: RVT) has signed a binding collaboration with RKP Global to jointly develop vanadium flow battery and long-duration energy storage projects in Australia, advancing its mine-to-battery strategy.

Frontier Energy has locked in firm commitments for a $110 million equity raise to fund Stage One of its Waroona solar-battery project, advancing alongside senior debt financing and contract finalisations.

Tasmea Limited is set to acquire Maxim Group for up to A$254 million, bolstering its presence in Victoria and accelerating exposure to high-growth sectors like Data Centres, BESS, and Infrastructure. The deal promises immediate EPS accretion of around 31% and positions Tasmea as one of the largest electrical contractors on the ASX.

Encounter Resources inks a non-binding MoU with Echion Technologies and Switch Technologies to develop a lithium-niobium battery industry leveraging its high-grade Aileron niobium resource.