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Genex Power's Bouldercombe BESS project (pictured) suffered a 'minor' fire during commissioning but has since come online. Image: Genex Power.
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BESS revenue in Australia’s NEM drops 40% on average in March 2025

April 15, 2025
A reduction in price volatility has seen BESS revenue decrease by 40% in Australia’s NEM month-on-month in March 2025.
Waratah Super Battery. The project is set to begin the commissioning process, Akaysha Energy said. Image: Akaysha Energy

Modo: BESS in Australia’s NEM see revenues drop 7% in January despite Queensland’s surge

February 20, 2025
Modo Energy has said that revenue for BESS in Australia’s NEM fell by 7% month-on-month in January, despite revenue tripling in Queensland.
Genex Power's Bouldercombe BESS project (pictured) suffered a 'minor' fire during commissioning but has since come online. Image: Genex Power.

BESS revenues in Australia’s NEM up 45% year-on-year in 2024, says Modo

February 11, 2025
Modo Energy has said that battery energy storage systems (BESS) in Australia’s National Electricity Market (NEM) earned an average of AU$148,000/MW (US$92,810/MW) in 2024, a 45% increase year-on-year.
Darlington Point and Riverina, a BESS project in New South Wales, Australia, equipped with Tesla Megapacks. Image: Edify Energy.

BESS arbitrage revenue in Australia’s NEM records 97% year-on-year increase amid volatility

July 26, 2024
AEMO says the NEM has seen energy trading for battery energy storage systems (BESS) revenue rise 97% year-on-year (YoY) to AUS$25.4 million.
FCAS services remain the biggest revenue stream for most BESS assets in Australia, like the Hornsdale Power Reserve (pictured). Image: Neoen.

‘Highly attractive’ revenues forecast in Australia’s new Very Fast ancillary services opportunity

January 10, 2024
The newest ancillary services product in Australia’s National Electricity Market (NEM) has been forecast to offer “significantly higher” revenues than other opportunities for battery storage.
Rendering of Akaysha Energy's Brendale project in Queensland. Image: Akaysha Energy.

Australia: Blackrock-backed developer Akaysha Energy progresses 710MWh of Queensland BESS projects

December 21, 2023
Akaysha Energy took Final Investment Decision (FID) on Queensland BESS, while another of its projects has achieved key grid code compliance.
A model of Hithium's new 5MWh BESS solution, which fits into a standard 20ft container. Image: Businesswire

Sungrow signs 3GWh deal for Australian battery storage ‘Hive’ projects with investor CETF

November 1, 2023
Among highlights of All-Energy Australia were announcements from major players including Sungrow, Ingeteam and Hithium.
Inside Vena Energy's 100MW/150MWh Wandoan BESS, which participates in the NEM. Image: NRG Services.
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AEMO’s proposed must-run ancillary service rules ‘could harm BESS business case’

August 25, 2023
Proposed new ancillary service market rules could adversely impact business case for battery storage, Cornwall Insight Australia says.
Rendering showing Wärtsilä GridSolv Quantum BESS units with Origin Energy branding. Image: Wärtsilä / Origin Energy

Origin Energy to proceed with US$400 million battery project at retiring coal power plant in New South Wales

April 20, 2023
Work is set to begin “within weeks” on a BESS project at the site of a coal power plant in New South Wales, Australia.
The Minety BESS project, developed by Luminous Energy and at one time the largest BESS in Europe. Image: Shell Energy Europe / Penso Power / Luminous.

Macquarie’s Green Investment Group, Shell to develop 400MWh BESS in Melbourne

March 31, 2023
Green Investment Group (GIG) and Shell Energy have announced a 200MW/400MWh battery storage project in Victoria, Australia.

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