The Australian Energy Market Operator (AEMO) has published its 2024 Integrated System Plan (ISP) providing an updated 30-year roadmap for the transition of the National Electricity Market (NEM).

The revenue stack accessible to front-of-the-meter (FTM) battery storage in Australia’s National Electricity Market (NEM) is evolving, as the market dynamics evolve.

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.

Australia has an “urgent need” for long-duration energy storage, along with new generation resources and transmission infrastructure.

Enel X will pilot battery storage systems at two shopping centres in Australia with commercial real estate group Vicinity Centres.

CellCube and North Harbour Clean Energy in talks to build factory in Australia with 1GW/8GWh annual production capacity.

Newly announced funding support from ARENA is enabling the expansion of a planned large-scale battery project in New South Wales.

Quinbrook developing A$2.5 billion ‘Supernode’ site in Queensland for storing energy and data that would include 2,000MWh of battery storage.

Nearly A$4 billion (US$2.72 billion) of battery projects in Australia are in the running to receive financial support from ARENA.

As the role of coal declines and ends in Australia’s NEM, huge growth in dispatchable energy storage capacity will be needed in the mix.