The newest ancillary services product in Australia’s National Electricity Market (NEM) has been forecast to offer “significantly higher” revenues than other opportunities for battery storage.

Akaysha Energy took Final Investment Decision (FID) on Queensland BESS, while another of its projects has achieved key grid code compliance.

Among highlights of All-Energy Australia were announcements from major players including Sungrow, Ingeteam and Hithium.

Proposed new ancillary service market rules could adversely impact business case for battery storage, Cornwall Insight Australia says.

Work is set to begin “within weeks” on a BESS project at the site of a coal power plant in New South Wales, Australia.

Green Investment Group (GIG) and Shell Energy have announced a 200MW/400MWh battery storage project in Victoria, Australia.

Enel X will pilot battery storage systems at two shopping centres in Australia with commercial real estate group Vicinity Centres.

Approval granted in Australia for the first battery storage project to share grid connection point with an existing generation asset in National Electricity Market.

Development of battery systems to help integrate renewables and boost grid reliability continues to pick up pace in New South Wales.

Neoen saw its energy storage revenues triple in the first half of this year, driven by its Victorian Big Battery in Australia.