Publicly-owned energy company CleanCo Queensland’s 250MW/500MWh Swanbank battery energy storage system (BESS) has officially registered with AEMO and commenced its testing and commissioning phase.
Battery storage equipped with optimisation platforms not specifically designed for Australia’s NEM missed revenue opportunities during the 10 October price spike, according to Sahand Karimi, co-founder and CEO of OptiGrid.
Battery energy storage revenues in Australia’s National Electricity Market (NEM) fell 61% in September 2025 to AU$85,000/MW (US$56,712/MW) as price volatility eased across the grid, according to new research from Modo Energy.