Battery energy storage systems (BESS) in Australia’s New South Wales (NSW) earned an estimated AU$5.63 million (US$3.88 million) in two hours on 12 October, as wholesale electricity prices peaked at AU$23,107/MWh.
AEMO has set out a storage requirement of almost 50GW in its latest 2026 Integrated System Plan (ISP), split between 35GW of short and medium-duration battery storage for daily firming and 5GW of long-duration energy storage (LDES) for seasonal reliability.