Battery storage can turn record-high instances of negative spot pricing in Australia’s National Electricity Market (NEM) into investment opportunities.
Australian energy retailer Origin Energy intends to build a 700MW battery storage system on the site of a coal power plant for which it has brought forward a planned retirement date by seven years.
Smart software and artificial intelligence can forecast everything from how much electricity will be generated and when it will be generated, to the right strategies for putting that electricity into different market opportunities. Energy-Storage.news speaks with Matt Penfold, VP of business development for digital at Fluence, about how the company has added 1.5GW to its portfolio of renewables and storage under management in Australia’s National Electricity Market (NEM).