The first quarter of 2025 was the second best on record for investment in large-scale Battery Energy Storage Systems (BESS) in Australia, with six projects worth $2.4 billion in total reaching the financial commitment stage – delivering an extra 1.5 GW in storage capacity and 5 GWh in energy output, according to new figures released by the Clean Energy Council today.Why should Australia invest in energy storage systems?Energy storage systems, such as big batteries, are a critical part of Australia’s future energy mix and act as a reliable back-up system allowing us to store renewable energy for when it is needed most and keep the lights on under all conditions. It’s great to see the high levels of investment we’ve seen over the past couple of years continue.
How much is battery storage worth in Australia?Credit: Phonlamai Photo / Shutterstock. The first quarter (Q1) of 2025 has seen a surge in investment for large-scale battery storage in Australia, with six projects worth a total of A$2.4bn ($1.5bn) reaching the financial commitment stage, according to the latest Clean Energy Australia Report 2025.
How much did a battery energy storage project cost in 2025?Six utility-scale battery energy storage projects (BESS) reached financial close in the first quarter of 2025 to the tune of $2.4 billion (USD 1.5 billion) signalling a strong start out of the gate for the technology and its second-best investment quarter on record, adding 1.5 GW of storage capacity and 5 GWh of energy output.
What is EnergyAustralia's energy storage project?The energy storage project will provide EnergyAustralia with a natural hedge against such market fluctuations and help stabilise energy prices and ensure a more resilient energy supply. “At EnergyAustralia, our purpose is to lead and accelerate the clean energy transformation for all,” said EnergyAustralia Managing Director, Mark Collette.
Why is battery storage important in Australia?Battery storage is now key to Australia’s clean energy transition. It stabilizes supply by storing extra renewable energy and delivering it on demand, even when solar or wind output drops. This helps prevent blackouts and ensures steady green energy flow. BESS installations are expected to double by 2027.
Does Australia need more energy storage?anddevelopers.Summary of Key FindingsAustralia requires a significant growth in energy storage over the next decade to ensure a smooth transition.• Thereisagrowingneedforelectricitystorage, ofalldura ons, intheAustralianpowersystem.TheAustralianEnergyMarketOperator(AEMO)hasindicatedthat
May 29, 2025 · The first quarter of 2025 was the second best on record for investment in large-scale Battery Energy Storage Systems (BESS) in
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May 9, 2024 · The state of Queensland, Australia, has committed to investing AU$448 million into battery storage technology at a coal power plant.
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Australia has a massive pipeline of grid-scale battery energy storage projects. 16.5 GW of new battery projects could arrive in the NEM in the next 3 years.
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Sep 28, 2023 · In relation to storage, the announcement says: "The Energy Security Corporation will make investments in storage projects, addressing
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Horizon Scanning Series The Role of Energy Storage in Australia''s Future Energy Supply Delivered as a partnership between Australia''s Chief Scientist and
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May 29, 2025 · Six utility-scale battery energy storage projects (BESS) reached financial close in the first quarter of 2025 to the tune of $2.4 billion (USD 1.5 billion) signalling a strong start out
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Dec 9, 2024 · Investments in battery storage within Australia''s National Electricity Market (NEM) are increasingly profitable due to higher power price volatility
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Jan 17, 2024 · Hazelwood is Australia''s first retired coal-fired power station to host a utility-scale battery Melbourne, AUSTRALIA - 14 June 2023 - ENGIE and project partners Eku Energy and
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May 29, 2025 · Australia''s clean energy sector hit a significant milestone in Q1 2025. It saw a surge in investments and rapid growth in Battery Energy
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Jun 4, 2025 · According to the Council''s Quarterly Investment Report: Large-scale renewable generation and storage Q1 2025, six major battery projects reached financial close, delivering
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Jun 10, 2024 · Australia''s Clean Energy Council has signaled that Q1 2024 saw signs of recovery for the nation''s renewable energy generation sector but
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Dec 6, 2024 · Origin''s Eraring coal power station (above) will be replaced with Australia''s largest BESS. Image: CSIRO. Finnish marine and energy technology group Wärtsilä has been
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May 30, 2025 · The first quarter (Q1) of 2025 has seen a surge in investment for large-scale battery storage in Australia, with six projects worth a total of A$2.4bn ($1.5bn) reaching the
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Jun 17, 2022 · The Western Australian government is about to embark on an ambitious investment to replace its last two publicly-owned coal generators
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Dec 5, 2024 · Technology group Wärtsilä has been selected by Origin Energy (Origin) to deliver the third stage of the Eraring battery facility at Origin''s
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Jan 16, 2025 · BE Power Group is also developing two 400MW/4,000MWh PHES projects in Queensland and Victoria. Image: BE Power. Renewable energy
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Sep 10, 2024 · Listed below are the five largest energy storage projects by capacity in Australia, according to GlobalData''s power database. GlobalData uses proprietary data and analytics to
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Nov 10, 2023 · Also last month, the Australian federal government granted approval for Edify Energy''s Smoky Creek Solar Power Station, a solar and
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Sep 4, 2024 · EnergyAustralia has welcomed today''s announcement from the Commonwealth Government that it will support its two major battery storage projects in Victoria and South
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Dec 9, 2018 · EXECUTIVE SUMMARY Electricity markets are rapidly changing. The increasing prevalence of renewable energy is redefining the Australian energy market. As the National
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Australia is home to the world''s first ''big'' battery: the 100 MW Hornsdale Power Reserve, constructed in 2017. Since then, investment in grid-scale battery
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Sep 3, 2024 · The largest energy storage project to reach this milestone is the 4-hour duration 300MW/1,200MWh Stanwell Big Battery in Queensland, with the
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Mar 11, 2024 · About Clean Energy Investor Group CEIG represents domestic and global renewable energy developers and investors, with more than 16GW of installed renewable
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Aug 5, 2025 · One of the world''s most powerful batteries has begun operating at a former coal-fired power station, delivering a boost to the energy grid at a critical time.
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Nov 25, 2024 · The department said the battery, to be built alongside two Transgrid-owned substations in the Hunter-Central Coast Renewable Energy
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Dec 11, 2024 · In total, 6.3GW was awarded across wind and solar PV power plants. Image: EDL. The first Capacity Investment Scheme (CIS) tender round
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6 days ago · Wooreen Energy Storage System The Wooreen Energy Storage System project will provide an economic boost for the Gippsland region and help transition to renewable energy.
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Jun 23, 2025 · Battery energy storage has a critical role to play in managing the intermittency of renewables, balancing the grid, and ensuring reliable
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Feb 7, 2024 · BlackRock, the world''s largest asset manager, is investing a billion dollars into Australia''s transition to renewable energy. Here''s why.
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Mar 11, 2024 · Summary of Key Findings Australia requires a significant growth in energy storage over the next decade to ensure a smooth transition. ons, in the Australian power system. The
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Feb 27, 2025 · Australia is ramping up efforts to secure a reliable, low-carbon energy system, with pumped storage hydropower taking center stage. At the
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Energy storage systems, such as big batteries, are a critical part of Australia’s future energy mix and act as a reliable back-up system allowing us to store renewable energy for when it is needed most and keep the lights on under all conditions. It’s great to see the high levels of investment we’ve seen over the past couple of years continue.
Credit: Phonlamai Photo / Shutterstock. The first quarter (Q1) of 2025 has seen a surge in investment for large-scale battery storage in Australia, with six projects worth a total of A$2.4bn ($1.5bn) reaching the financial commitment stage, according to the latest Clean Energy Australia Report 2025.
Six utility-scale battery energy storage projects (BESS) reached financial close in the first quarter of 2025 to the tune of $2.4 billion (USD 1.5 billion) signalling a strong start out of the gate for the technology and its second-best investment quarter on record, adding 1.5 GW of storage capacity and 5 GWh of energy output.
The energy storage project will provide EnergyAustralia with a natural hedge against such market fluctuations and help stabilise energy prices and ensure a more resilient energy supply. “At EnergyAustralia, our purpose is to lead and accelerate the clean energy transformation for all,” said EnergyAustralia Managing Director, Mark Collette.
Battery storage is now key to Australia’s clean energy transition. It stabilizes supply by storing extra renewable energy and delivering it on demand, even when solar or wind output drops. This helps prevent blackouts and ensures steady green energy flow. BESS installations are expected to double by 2027.
and developers.Summary of Key FindingsAustralia requires a significant growth in energy storage over the next decade to ensure a smooth transition.• There is a growing need for electricity storage, of all dura ons, in the Australian power system. The Australian Energy Market Operator (AEMO) has indicated that 19 G
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The global commercial and industrial solar energy storage battery market is experiencing unprecedented growth, with demand increasing by over 400% in the past three years. Large-scale battery storage solutions now account for approximately 45% of all new commercial solar installations worldwide. North America leads with 42% market share, driven by corporate sustainability goals and federal investment tax credits that reduce total system costs by 30-35%. Europe follows with 35% market share, where standardized industrial storage designs have cut installation timelines by 60% compared to custom solutions. Asia-Pacific represents the fastest-growing region at 50% CAGR, with manufacturing innovations reducing system prices by 20% annually. Emerging markets are adopting commercial storage for peak shaving and energy cost reduction, with typical payback periods of 3-6 years. Modern industrial installations now feature integrated systems with 50kWh to multi-megawatt capacity at costs below $500/kWh for complete energy solutions.
Technological advancements are dramatically improving solar energy storage battery performance while reducing costs for commercial applications. Next-generation battery management systems maintain optimal performance with 50% less energy loss, extending battery lifespan to 20+ years. Standardized plug-and-play designs have reduced installation costs from $1,000/kW to $550/kW since 2022. Smart integration features now allow industrial systems to operate as virtual power plants, increasing business savings by 40% through time-of-use optimization and grid services. Safety innovations including multi-stage protection and thermal management systems have reduced insurance premiums by 30% for commercial storage installations. New modular designs enable capacity expansion through simple battery additions at just $450/kWh for incremental storage. These innovations have improved ROI significantly, with commercial projects typically achieving payback in 4-7 years depending on local electricity rates and incentive programs. Recent pricing trends show standard industrial systems (50-100kWh) starting at $25,000 and premium systems (200-500kWh) from $100,000, with flexible financing options available for businesses.