Utility Scale Storage

Last year was another landmark 12 months for energy storage, with all indicators pointing to a massive surge in demand. Supply chain instability and inflation saw battery prices rise, but the industry demonstrated an ability to swiftly react to geopolitical developments. Marija Maisch examines five trends driving the market.

Australian energy storage systems provider Evo Power has teamed with battery optimisation technology provider Evergen in a move which aims to make it easier for commercial and industrial-scale battery customers to optimise and monetise their assets.

Atlassian CEO Mike Cannon-Brookes’ family fund Grok Ventures is among the initial investors in Canberra-based Infradebt’s Energy Transition Fund. The fund will finance six to eight grid-scale battery projects with a total capacity of up to 2 GW.

A huge renewable energy zone to be established on the New South Wales south coast has been formally declared, potentially unlocking more than 17 GW of solar, wind, battery storage, pumped hydro, hydrogen and new load projects, including green steel manufacturing.

Spark Renewables, part of the listed network investment company Spark Infrastructure, intends to develop a 1 GW hybrid wind, solar and battery storage hub near Murulan in the New South Wales Southern Tablelands as it continues its push into green power.

Ahead of the impending closure of the coal-fired Eraring Power Station, the New South Wales Government has given the planning green light for the largest committed battery energy storage system in the southern hemisphere.

EnergyAustralia’s growing appetite for grid-scale energy storage shows no signs of abating with the gen-tailer announcing it has received approval to construct a 350 MW four-hour battery in Victoria’s Latrobe Valley where its Yallourn coal mine and power station are set to close in 2028.

Western Australia-based AVESS is set to deploy demonstration batteries at a WA mine site in the second half of the year. The deployment is about proving the company’s technology, as it plans to move towards manufacturing the flow batteries in Australia from 2024.

International oil giant Shell has provided New South Wales startup MGA Thermal with “gamechanger” funding to accelerate the completion of a commercial-scale pilot plant designed to demonstrate the role the company’s energy storage technology could play in the Australian energy market.

The New South Wales Labor Party plans to tip in $1 billion (USD 690 million) to create a state-owned energy corporation which will partner with the private sector to accelerate investment in pumped hydro, community batteries and renewables to support the state’s energy transition.