Latest Energy Storage Systems News

Contact Energy's July 2025 report reveals stable electricity sales with improved netback prices and significantly reduced generation costs, alongside ongoing investments in renewable projects.

Contact Energy Limited reported a robust FY25 with a 13% increase in underlying net profit, driven by geothermal expansion and strategic acquisition of Manawa Energy. The company’s renewable portfolio and risk management positioned it well amid challenging market conditions.

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 14% rise in FY25 EBITDA to $17.4 million, driven by operational growth and expanded renewable capacity. The company also secured a landmark 15-year contract to build and operate a 12MW/24MWh battery system at the Belrose landfill site in NSW.

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.

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.

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.

Livium Ltd reported a modest net profit in its battery recycling division for Q4 FY25, while securing significant new contracts and progressing lithium extraction technology development.

Lotus Resources has initiated processing of high-grade uranium ore at its Kayelekera Project in Malawi, moving closer to first uranium production this quarter. Key infrastructure upgrades, including a new power grid connection, aim to reduce costs and environmental impact.

Liontown Resources reported robust FY25 results with over 294,000 dmt of spodumene concentrate produced and commenced underground mining on schedule. The company is transitioning to 100% underground production by Q3 FY26, aiming for scalable, low-cost operations from FY27 despite a 36% drop in spodumene prices.

Kingsland Minerals is finalising its scoping study for the Leliyn Graphite Project, positioning itself to capitalise on shifting global graphite markets driven by new US tariffs on Chinese imports.

PPK Group’s majority-owned PowerPlus Energy launches two Clean Energy Council-approved batteries eligible for the Australian Government’s new Cheaper Home Batteries Program rebates, positioning itself to capture a significant share of the emerging residential energy storage market.