Battery storage profitability looking up in Australia, driven by
Wood Mackenzie data shows that renewables capacity in Australia is now equivalent to over 80% of the peak grid load, while battery storage investments have lagged at
Wood Mackenzie data shows that renewables capacity in Australia is now equivalent to over 80% of the peak grid load, while battery storage investments have lagged at
Australia is leading the global battery storage boom with AUD 2.4B invested in Q1 2025. Discover how big batteries are replacing coal, stabilizing the grid, and driving the
Published annually in collaboration with the Australian Energy Market Operator (AEMO), GenCost offers accurate, policy and technology-neutral cost estimates for new electricity generation,
On 10 October, electricity prices in New South Wales, Australia, reached the Market Price Cap of AU$20,300/MWh (US$13,307/MWh), with battery storage capturing the
The first quarter (Q1) of 2025 has seen a surge in investment for large-scale battery storage in Australia, with six projects worth a total of A$2.4bn ($1.5bn) reaching the
Australia''s remarkable run of investment commitments to energy storage projects continued in Q1 2025. Six storage projects representing 1,510 MW (capacity) / 5,016 MWh
PDF version includes complete article with source references. Suitable for printing and offline reading.
Credit: Phonlamai Photo / Shutterstock. The first quarter (Q1) of 2025 has seen a surge in investment for large-scale battery storage in Australia, with six projects worth a total of A$2.4bn ($1.5bn) reaching the financial commitment stage, according to the latest Clean Energy Australia Report 2025.
Australia's remarkable run of investment commitments to energy storage projects continued in Q1 2025. Six storage projects representing 1,510 MW (capacity) / 5,016 MWh (energy output) reached financial close – the second-highest quarterly result for newly financially committed storage projects.
Investments in battery storage within Australia's National Electricity Market (NEM) are increasingly profitable due to higher power price volatility and changing market dynamics, according to the latest report by Wood Mackenzie. Australia is a leader in renewables deployment, but battery storage investments have lagged.
Australia is leading the global battery storage boom with AUD 2.4B invested in Q1 2025. Discover how big batteries are replacing coal, stabilizing the grid, and driving the nation’s clean energy transition.