• The Modo Energy Terminal

    One platform to understand, value and benchmark energy asset globally.

  • Modo Energy Media

    Global news and insights on power markets, BESS, renewables and data centres.

Log inSign up
ENERGY STORAGESOLARCO-LOCATIONCOMMERCIAL & INDUSTRIALDATA CENTRESWIND

Research

NEM battery revenues fall to $85k/MW in September 2025 as volatility eases
Benchmark Report

6 days ago

In September 2025, battery energy storage revenues in the National Electricity Market (NEM) fell 61% as South Australia’s contingency markets cooled. Warmer weather reduced peak demand across the NEM, pushing energy revenues lower. Queensland revenues ...
​Cap contracts increase returns and lower risk for NEM batteries
Research

25 Sep 2025

The National Electricity Market (NEM) is becoming more volatile as coal generation retires and renewable output grows. Falling dispatchable capacity leaves the system susceptible to sudden, sustained price spikes, particularly during periods of high demand or low renewable output. Cap contracts let flexible generators turn this uncertainty into a steady revenue stream by selling protection against extreme prices.
Sixteen battery projects secure CIS contracts in Australia’s biggest battery auction
Market updates

18 Sep 2025

The winners of the Capacity Investment Scheme (CIS) third tender were announced on 17th September 2025. This round secured over 4 GW / 15 GWh of battery energy storage across 16 projects - enough energy to supply 3.5 million households in the NEM for four hours.
​The value of grid-forming for battery energy storage in the NEM
Research

11 Sep 2025

Grid-forming (GFM) batteries are proving to be more than just a technical solution for declining inertia and system strength; they’re also unlocking new sources of value for developers. By avoiding system strength charges and securing network support contracts, GFM systems are accessing revenue streams that grid-following batteries cannot reach.

More research

Modo Energy Logo
B certified logo
Better business act logo
One percent for the planet logo

Resources

  • All research
  • The Energy Academy
  • Transmission: The Podcast
  • Weekly Dispatch: Newsletter
  • Live Events
  • Careers
  • RSS

Legal

  • Website Terms of Service
  • Privacy Policy
  • Conflict of Interest Policy
  • Benchmark Complaints
  • Open Source Notice

Support

  • Help Centre
  • Schedule a call
  • Live chat
  • Status Page
  • Suggestions

Copyright© 2025 Modo Energy. All rights reserved