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Darlington Point and Riverina, a BESS project in New South Wales, Australia, equipped with Tesla Megapacks. Image: Edify Energy.

BESS arbitrage revenue in Australia’s NEM records 97% year-on-year increase amid volatility

July 26, 2024
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.
FCAS services remain the biggest revenue stream for most BESS assets in Australia, like the Hornsdale Power Reserve (pictured). Image: Neoen.

‘Highly attractive’ revenues forecast in Australia’s new Very Fast ancillary services opportunity

January 10, 2024
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.
Rendering of Akaysha Energy's Brendale project in Queensland. Image: Akaysha Energy.

Australia: Blackrock-backed developer Akaysha Energy progresses 710MWh of Queensland BESS projects

December 21, 2023
Akaysha Energy took Final Investment Decision (FID) on Queensland BESS, while another of its projects has achieved key grid code compliance.
A model of Hithium's new 5MWh BESS solution, which fits into a standard 20ft container. Image: Businesswire

Sungrow signs 3GWh deal for Australian battery storage ‘Hive’ projects with investor CETF

November 1, 2023
Among highlights of All-Energy Australia were announcements from major players including Sungrow, Ingeteam and Hithium.
Inside Vena Energy's 100MW/150MWh Wandoan BESS, which participates in the NEM. Image: NRG Services.
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AEMO’s proposed must-run ancillary service rules ‘could harm BESS business case’

August 25, 2023
Proposed new ancillary service market rules could adversely impact business case for battery storage, Cornwall Insight Australia says.
Rendering showing Wärtsilä GridSolv Quantum BESS units with Origin Energy branding. Image: Wärtsilä / Origin Energy

Origin Energy to proceed with US$400 million battery project at retiring coal power plant in New South Wales

April 20, 2023
Work is set to begin “within weeks” on a BESS project at the site of a coal power plant in New South Wales, Australia.
Shell Energy trades power from the 100MW Minety BESS (pictured), which is in England. Image: Shell Energy Europe.

Macquarie’s Green Investment Group, Shell to develop 400MWh BESS in Melbourne

March 31, 2023
Green Investment Group (GIG) and Shell Energy have announced a 200MW/400MWh battery storage project in Victoria, Australia.
An existing Enel X commercial-scale battery storage project in Massachusetts, US. Image: Enel X.

Enel X in 5MWh battery storage pilot for Australian shopping centres

January 9, 2023
Enel X will pilot battery storage systems at two shopping centres in Australia with commercial real estate group Vicinity Centres.
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Approved: First BESS to share existing generator grid connection in Australia’s NEM

December 1, 2022
Approval granted in Australia for the first battery storage project to share grid connection point with an existing generation asset in National Electricity Market.
Rendering of a New South Wales battery storage project currently under construction through Shell and state-owned energy developer Edify Energy. Image: Edify.

Shell battery project in New South Wales would add 1GWh energy storage to growing market

October 17, 2022
Development of battery systems to help integrate renewables and boost grid reliability continues to pick up pace in New South Wales.

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