Australia’s battery capacity to double within months

Aerial photo of Neoen's Victorian Big Battery at sunrise (australia)
Neoen's Victorian Big Battery

Australia’s battery capacity could double within months as major battery storage projects come online, according to a report in the Australian Financial Review.

Australia’s battery capacity in 2021 totalled approximately 0.4GW, however, with many large-scale projects set to become operational, utility-scale battery capacity will top 1.1GW by the second half of this year, according to Rystad Energy data.

“This is the era of the utility-scale battery, but everyone is talking about hydrogen,” Rystad Energy head of Australia and global renewables Gero Farruggio said.

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“Over the past 12 months, barring COVID, hydrogen has been grabbing all the headlines, but the reality is there has been this intense build-out of batteries.”

The surge in grid-scale battery capacity will increase pressure on Australia’s coal-fired generators, which are already struggling to compete against cheaper renewable assets.

The financial strain has already forced some coal-powered plants to close, and many others have announced a timetable to follow suit. AEMO expects coal-fired power generators will have exited the NEM substantially by 2030 and entirely by 2043—up to a decade earlier than previously anticipated in some cases.

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