AusNet has signed a long-term supply contract with Hyosung Heavy Industries for up to 45 ultra-high-voltage power transformers valued at about AUD 300 million over the next five years. The deal reduces supply chain risk and guarantees access to equipment needed to improve network reliability, particularly in support of renewable energy generation and growth targets in Victoria. The contract secures a limited pool of globally scarce equipment for critical projects.
CATL's energy storage division accounted for nearly 20% of its total revenue, with $1.46 billion generated from this segment in the first half of 2026. This represents a significant contribution to CATL's overall revenue, highlighting the growing importance of energy storage in the company's business.
Avantus has reached commercial operations at Aratina 1, rPlus Energies celebrates solar milestones in Idaho, Strata Clean Energy upgrades its revolving credit line, a wind farm is built on Pennsylvania coal land, and Altus Power acquires five Virginia community solar projects.
The Electricity Regulatory Authority (ERA) of Lebanon has tendered up to five grid-connected solar projects with an installed capacity of 350 MW, tied to battery energy storage systems totaling 1 GWh. The projects will be developed under an independent power producer model and are expected to have a cumulative solar capacity of over 1,505 MW by the end of 2025. Potential developers must submit expressions of interest electronically by August 31.
HyperStrong showcased its new HyperBlock M energy storage system and the HyperCubeC&I II Max solution, offering a utility-scale storage solution that addresses weight and transportation issues associated with standard containers. The company's HyperCubeC&I II Max has 835 kWh storage capabilities in 2-hour and 4-hour configurations for the PCS, with three different AC output levels. HyperStrong's global expansion is expected to rise to 15% of overall revenue by 2026.
Eversource and National Grid, in partnership with EnergyHub, Sunrun, and The Mobility House, are testing a Massachusetts residential Vehicle-to-Grid (V2G) program to enable EV drivers to earn incentives while supporting grid reliability and affordability. The program aims to encourage the adoption of V2G technology, which allows electric vehicles to supply energy back to the grid when not in use. This initiative is designed to improve grid resilience and stability.
Altus Power has acquired five community solar projects from New Leaf Energy, currently under development in Virginia, with a total capacity of 32 MW. The portfolio will provide affordable, clean power to customers through the Appalachian Power Company Shared Solar Program. The partnership aims to deliver sustainable energy solutions to residents and businesses in the region.
FERC's Order 2023 aimed to eliminate the interconnection backlog by introducing a "first-ready, first-served" cluster study process with a 150-day deadline and penalties of $1,000 to $2,500 per business day for delayed studies. The rule also mandated the assessment of technological advancements in every interconnection study, but transmission providers' data systems may not be optimized for prediction, potentially hindering meeting the deadline. This leaves many active interconnection requests with an average wait of 55 months from request to commercial operation.
MISO will lift transmission use charges for charging most energy storage resources, creating an exemption to allow storage resources to charge without being charged for using the transmission system. The RTO plans to permit economically dispatched storage charging to provide grid services and benefits such as production costs and overall market efficiency. Storage resources that charge through a self-scheduled dispatch status will still be required to submit monthly transmission service charges.
Australia's federal clean energy agency is committing up to A$32 million to support a biomass-to-fuel supply chain in the Green Triangle region, backed by a massive 200 MW+ electrolyser for green hydrogen production. The goal is to produce low-carbon renewable methanol and sustainable aviation fuel (SAF) from plantation forestry residues and export markets. The project aims to roll out sustainable aviation fuel facilities in Portland, Victoria, and Port Adelaide, South Australia.
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