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’s government has made a AU$100 million (US$66.35 million) investment into the Waratah Super Battery, part of a total AU$500 million capital raise by the project’s developer.
What has been described as the largest battery storage project to date in the state of New South Wales, Australia, has been brought online by Edify Energy.
