Estimated net revenue, covering both energy and FCAS markets, for grid-scale batteries on the NEM reached AU$69.5 million in Q4 2024.

AEMO said that new energy storage capacity that has come online will play a key role in grid stability throughout the 2024-25 summer months.

A community-owned battery energy storage system (BESS) in Australia could earn up to AU$250,000 per year, writes GridBeyond Australia’s solar, storage and EV regional director Stace Tzamtzidis.

Frontier Energy will pursue alternative funding solutions after missing out on Reserve Capacity Credits (RCCs) from the AEMO for its 360MWh Waroona Renewable Energy Hub in Western Australia.

AEMO has said that despite concerns about grid reliability in 2027-28, energy storage projects will help alleviate some of these concerns.

French independent power producer Neoen has achieved a key milestone in the development of its 200MW/400MWh Blyth grid-forming battery energy storage system (BESS) in South Australia.

AEMO says the NEM has seen energy trading for battery energy storage systems (BESS) revenue rise 97% year-on-year (YoY) to AUS$25.4 million.

Energy-Storage.news Premium speaks to one of the chief architects of the Capacity Investment Scheme (CIS), aimed at breaking down barriers to investment and deployment in Australia’s renewable energy and storage sectors.

The consultation in New South Wales, Australia, on reducing the definition of LDES to 4-hours sparked mixed reactions in the energy sector.

The Australian Energy Market Operator (AEMO) has published its 2024 Integrated System Plan (ISP) providing an updated 30-year roadmap for the transition of the National Electricity Market (NEM).