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. The increase in energy consumption, driven by rapid electrification, data consumption and. . 17 December, 2024, Sydney, Australia — Hithium, a leading global provider of integrated energy storage products and solutions has announced the supply of 640MWh of energy storage capacity to Lightsource bp, a global leader in the development and management of utility-scale renewable energy. . This guidance report: has been prepared by GHD for Australian Energy Council Limited and may only be used and relied on by Australian Energy Council Limited for the purpose agreed between GHD and Australian Energy Council Limited as set out in Section 1. This guidance report has. .
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The increase in energy consumption, driven by rapid electrification, data consumption and AI, coupled with Australia's supportive regulatory policies and record low renewable energy capital expenditures (capex) costs, have fuelled a competitive environment for quality BESS projects.
The largest BESS project reaching financial commitment for the quarter was in Wooreen, Victoria, with a storage capacity/ energy output of 350 MW/ 1.4 GWh, and duration of four hours, while South Australia had the largest share of financially committed storage projects in capacity (640 MW / 1.8 GWh).
The remaining BESS that secured financial commitment in the first quarter of 2025 include Copenhagen Infrastructure Partners' 240MW/960MWh Summerfield BESS, Intera Renewables' 250MW/500MWh Limestone Coast North Energy Park, and Amp Energy's 150MW/300MWh Bungama BESS (stage one), all located in South Australia.
The 2022 Integrated System Plan, released by the Australian Energy Market Operator (AEMO), highlights that the forecasted withdrawal of approximately “8 gigawatts (GW) of the current 23 GW of coal-fired generation capacity by 2030” will introduce complexities within the National Electricity Market (NEM).
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