Research21 Sep 2025​Battery energy storage in the NEM earns a majority of revenues from energy trading. This is markedly different from when the first grid-scale batteries came online. At that time, there were higher FCAS prices, including some periods of exceptional ret...
BESS Revenues04 Sep 2025​In August 2025, battery energy storage revenues in Australia’s National Electricity Market (NEM) rose by 37% despite mild energy price volatility. This rise was due to intense and frequent price spikes in Lower 1-second (L1) Contingency FCAS for South...
Research27 Aug 2025​The amount of hybrid battery projects pairing storage with wind and solar is set to massively expand in the NEM. There are 5 GW of co-located projects in the NEM aiming to enter operation before the end of 2028, compared to only 0.6 GW today. Of those...
Research14 Aug 2025​The Australian NEM is becoming increasingly reliant on variable renewable energy firmed by battery energy storage. As a result, securing grid connections and maintaining the business case for their projects is becoming increasingly difficult. One emer...
