Copenhagen Infrastructure Partners (CIP) has embarked on the first of several planned large-scale battery energy storage system (BESS) projects in Australia.
The Australian government’s start of competitive tenders for dispatchable renewable energy capacity backed with energy storage is an unprecedented step for national energy policy.
Renewable energy and energy storage developer Akaysha Energy will soon begin construction on a 150MW/300MWh battery storage project in Queensland, Australia.
Australia’s National Electricity Market (NEM) has been handed the title of “most volatile electricity market” in the world, with an urgent need for energy storage to mitigate that volatility.