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Hamilton Locke

FCAS services remain the biggest revenue stream for most BESS assets in Australia, like the Hornsdale Power Reserve (pictured). Image: Neoen.
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Australia’s energy storage market faces a reckoning as rooftop solar threatens utility-scale economics

March 16, 2026
Hamilton Locke partner Matt Baumgurtel warns of a seismic shift as distributed energy resources with “zero marginal cost” emerge.
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