battery revenue

  • Energy storage and flexibility

    Operating in a vicious cycle

    When project developers evaluate the potential profits for a new battery project in the NEM, one key variable being considered is the maximum allowable cycling rate of the battery. Cycling at higher rates can enable more arbitrage profits to be earned, but every MWh of energy that passes through the...

  • Commercial and market outlook

    How does thermal storage stack up compared to batteries?

    Along with the retirement of coal/gas power plants in the NEM, long-duration energy storage systems (LDESS), often exceeding 8 hours of storage, are becoming more crucial in transitioning to a more sustainable and renewable energy future. LDESS technologies, such as battery storage systems (BESS), thermal energy storage systems (TESS), compressed...

  • Commercial and market outlook

    Spot the spread: Are current battery revenues enough to encourage further investment?

    In AEMO’s ‘Step Change’ scenario, it was estimated that storage capacity in the NEM would need to increase by a factor of 30 between 2022 and 2050 to support a grid transformation that limits temperature rises below 2 degrees. This represents about 13GW of new storage capacity by 2030 and...

  • Energy storage and flexibility

    Christmas comes early for South Australian battery owners

    The choice of Chart of the week was an easy one following Saturday’s storms that ‘reined’ down on South Australia. The state became isolated from the rest of the National Electricity Market after one of ElectraNet’s pylons, supporting the interconnector between SA and Victoria, was knocked down[1].   The consequence...

  • Energy storage and flexibility

    State of Storage: Investigating battery profit for NEM states

    It has been an interesting year for Australian energy markets, facing unprecedentedly high energy prices, coal outages, and market suspension. In today’s Chart of the week, we will investigate the impact a BESS would have made during FY 2022. Using Cornwall Insight Australia’s battery simulation model, we simulated a stand-alone...