Australian big battery market building towards record year
- Admin
- Aug 2, 2024
- 1 min read
Developers have started building over 2.8 GW of new battery energy storage capacity in Australia in 2023, with a projected record year for utility scale battery installations. Rystad Energy expects Australia to surpass the 5 GW capacity mark for new construction this year, making it the fourth-largest market globally for utility scale batteries. The article highlights the dominance of New South Wales, Queensland, and Western Australia in construction activities for utility batteries in Australia. The focus is on projects like the Eraring battery, emphasizing longer storage durations and reduced battery costs in the market.
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