Plunging cost of big batteries: Latest gigawatt
The big mover in the CSIRO''s GenCost report was the plunging cost of battery storage. One major battery project may already be doing much
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.
The volume of large-scale battery energy storage projects under construction in Australia passed that of solar and wind projects combined in 2023 and the trend has intensified this year, with batteries attracting federal support. As coal-fired power plants are shuttered, developers and suppliers are enjoying a battery bonanza.
Australia's NEM will see a massive increase in grid-scale battery energy storage capacity in the next three years. There are 16.8 GW of battery projects that could come online in the National Electricity Market (NEM) by the end of 2027.
* This question is required. According to the report, the largest battery energy storage system (BESS) project to reach financial commitment in Q1 was in Wooreen, Victoria, boasting a storage capacity of 350MW and an energy output of 1.4GWh. South Australia led in terms of capacity, with projects totalling 640MW/1.8GWh.
AGL: a new 250 MW / 500 MWh battery in Liddell, NSW. FRV: a new 250 MW / 550 MWh battery in Gnarwarre, VIC. Neoen: retrofitting the 300 MW / 450 MWh Victorian Big Battery in Moorabool, VIC to enable grid-forming capability. Neoen: a new 200 MW / 400 MWh battery in Hopeland, QLD. Neoen: a new 200 MW / 400 MWh battery in Blyth, SA.
Across Australia and the world, interest in big batteries is surging. In particular, large-scale grid-connected battery systems are expected to play an important role in Australia's energy future, with a growing number of large storage projects planned or underway.

The big mover in the CSIRO''s GenCost report was the plunging cost of battery storage. One major battery project may already be doing much
Building on our successful global portfolio of energy storage network events, combined with the exponential buildout of large-scale energy storage, we are . Battery Asset Management
A huge four-hour battery sized at 4,000 megawatt hours – much bigger than any other big battery currently operating or under construction in
Sydney, NSW – [24 March 2025] – SmartestEnergy, a leading global provider of renewable energy solutions for businesses, is announcing today its first large
The Terang BESS is a 100MW/200MWh large-scale battery energy storage project located in the state of Victoria, Australia
Integrated into the National Electricity Market (NEM), these big batteries will help stabilise networks and pave the way for increased
Battery storage allows us to store the energy and provide it to the grid whenever it''s needed. The Hornsdale Power Reserve is located in a
Part of the wider Battery Asset Management Series, the Summit has been received worldwide with huge optimism and has quickly established itself
Australia''s NEM will see a massive increase in grid-scale battery energy storage capacity in the next three years. There are 16.8 GW of battery projects that could come online in the National
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced $176 million in conditional funding to eight grid scale battery
BloombergNEF has confirmed the rapid buildout of big batteries, recording 7.8 GW of utility-scale BESS currently under construction in
DISCLAIMER This report has been prepared by Aurecon at the request of the Australian Renewable Energy Agency (ARENA). It is intended solely to provide information on the key
As a result, governments and private companies are investing in an ever-increasing number of big batteries to expand network storage
Large-scale installations, known as grid-scale or large-scale battery storage, can function as significant power sources within the energy
Building on the success and full industry support of our 2023 standout conference, The Australian Energy & Battery Storage Conference 2024 returns on the 13-14th February 2024 at the
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
The NSW government said the Tomago battery adds to the state''s growing network of 57 large-scale batteries that have already been approved
The volume of large-scale battery energy storage projects under construction in Australia passed that of solar and wind projects combined in
Australia''s power market is changing quickly. In early 2025, over AUD 2.4 billion (USD 1.5 billion) went into large-scale battery energy storage
A large battery project in South Australia sells for nearly $500 million as investment in renewable energy surges.
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
A volatile power market, supportive government policies, and looming coal plant retirements are driving uptake of utility-scale batteries in
Funded under ARENA''s Large Scale Battery Storage Funding Round, each battery will be equipped with grid-forming inverter technology, allowing them to provide
The first quarter of 2025 was the second best on record for investment in large-scale Battery Energy Storage Systems (BESS) in
Australian big battery projects headed for record year as storage prices halve over the last year.
Energy and climate-related policies have been accelerated by both state and federal governments, and for many companies the time feels right to
Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery
Equis Australia is headquartered in Melbourne and employs over 50 staff located across Melbourne, Sydney and Brisbane. Equis Australia''s current portfolio includes 16 battery
The Riverina and Darlington Point BESS in New South Wales, Australia, built with Tesla''s Megapacks. Image: Edify Energy. The energy
Sydney, December 19th 2022 Leading developer of sustainable energy solutions, Fotowatio Renewable Ventures Australia, as part of Abdul Latif Jameel Energy
The government of Western Australia (WA) announced last week (15 March) that the construction phase has begun at Collie, a battery energy
Batteries can be located in a range of areas and installed in small or large quantities for different uses. For example, a large number of batteries installed
Spanish energy giant Iberdrola unveils two new battery storage projects, vastly bigger than the installations it currently owns or operates.
STOR-ENERGY IS A LEADING AND SPECIALIST DEVELOPER, OWNER AND OPERATOR OF LARGE-SCALE BATTERY ENERGY STORAGE SYSTEMS (BESS)
The latest and biggest battery in New South Wales – the country''s biggest state grid – is now fully operational with the commissioning of the 150
Australian energy minister Chris Bowen (left) on a recent visit to Wallgrove BESS, a 50MW/75MWh project in Western Sydney. Image:
According to the Clean Energy Council, Australia saw a record-breaking year for large-scale battery storage in 2023, with projects under construction significantly up compared
In 2025, Colongra will be home to the world''s largest grid-scale battery. Consisting of 2,600 smaller lithium-ion batteries, the ''Waratah Super
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