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Economy

Markets, the economy, and the energy transition.

2 stories·Climate & EnergyMarkets & Economy
Grid-scale battery storage units at a power station (representative image).Photo: Ysc usc / CC BY 4.0
Climate & Energy

South Australia's First Long-Duration Battery Tender Awards Twice Its Target — and All Six Winners Chose Lithium-Ion

South Australia's inaugural Firm Energy Reliability Mechanism tender has awarded 15-year contracts to six battery projects totalling 1,334 MW / 5,336 MWh — nearly double the capacity originally sought — with every winning bidder using lithium-ion technology to meet an unusually stringent 8-hour continuous dispatch requirement.

Jun 3, 2026, 03:55 AM UTC

More in Economy

A grid-scale battery energy storage installation.Photo: Z22 / CC BY-SA 4.0
Climate & Energy

Battery Storage Smashes Its Own Historical Record as IEA Confirms 108 GW Deployed in 2025

The IEA reported this week that 108 GW of battery storage capacity was deployed globally in 2025—surpassing the all-time annual record for any single power technology—while real-time data shows California batteries now handle more than 60% of the grid's hourly balancing needs.

Jun 3, 2026, 01:50 AM UTC