Modo Energy has said that battery energy storage systems (BESS) in Australia’s National Electricity Market (NEM) earned an average of AU$148,000/MW (US$92,810/MW) in 2024, a 45% increase year-on-year.
Potentia Energy, a joint venture co-owned by Enel Green Power and INPEX, is set to secure several battery energy storage system (BESS) assets across Australia as part of a 1.2GW portfolio acquisition.
Renewable energy developer Ampyr Australia has secured Shell Energy Australia’s remaining stake in the 1GWh Wellington battery energy storage system (BESS) in New South Wales.
TotalEnergies, a French energy major, is seeking approval from the federal government’s Environment Protection and Biodiversity Conservation (EPBC) Act for a 320MW solar-plus-storage site in New South Wales, Australia.
Not-for-profit consultancy Yarra Energy Foundation (YEF) has said that its Fitzroy North community battery in Melbourne, Australia, generated AU$8,423 in revenue, excluding goods and services tax (GST), for the 2023-24 financial year.
Modo Energy has signalled that 16.8GW of battery energy storage systems (BESS) will connect to Australia’s National Electricity Market (NEM) by the end of 2027.