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Energy Storage News•3 months ago

Australia’s Cheaper Home Batteries Program reaches 2GWh of storage capacity

  • •Australia's 'Cheaper Home Batteries Program' has achieved over 100,000 installations, deploying 2GWh of subsidized distributed energy storage capacity for households and small businesses.
  • •This significant deployment signals strong government policy support for behind-the-meter storage, creating a robust market for battery OEMs and installers.
  • •The 2GWh of distributed capacity represents a growing pool of flexible resources that can be aggregated into Virtual Power Plants (VPPs), impacting peak demand, grid stability, and creating new revenue streams for developers and IPPs.
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Energy Storage News•3 months ago

Raffeisen pension fund joins EBRD, EU on large-scale Croatia BESS and VPP investment

  • •A €16 million (US$18.5 million) project in Croatia will combine large-scale Battery Energy Storage Systems (BESS) with a Virtual Power Plant (VPP).
  • •The investment is backed by a diverse consortium including a Raffeisen pension fund, the European Bank for Reconstruction and Development (EBRD), and the EU Modernisation Fund, signaling strong institutional confidence in hybrid energy solutions.
  • •This project highlights the increasing financial viability and market maturity for grid-scale battery storage and VPPs, offering developers a model for securing diverse funding.
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