Tripling Operational Capacity – Market Impact and Opportunities

Synopsis

The NEM is considered one of the most volatile markets in the world, offering significant upside for merchant revenue trading. With the operational capacity of batteries set to triple in the short term and exponentially increase thereafter, grid-forming batteries are emerging as a key technology to address market volatility and support grid stability. What impact will this rapid growth and adoption of grid-forming BESS have on the market?

• Grid-forming batteries: How will scaling this technology impact market dynamics and stabilise the NEM amidst increasing volatility?
• What is the market forecast for battery energy storage systems, particularly grid-forming BESS?
• Where do we see revenues heading? Will grid-forming batteries help mitigate risks of market saturation similar to global markets?
• Will the closure of coal plants complement the full targets of BESS, and how can grid-forming batteries play a role in this transition?
• Can we scale grid-forming BESS to meet AEMO’s 2026 priorities and boost capacity while ensuring market resilience?