Energy Storage News•19 days ago
‘We’re not stopping here’: Reactions as Australia’s New South Wales smashes long-duration storage targets with 12GWh tender
Key Takeaway
NSW's massive 12GWh LDES tender is a strong market signal for developers, demonstrating aggressive policy support and a rapidly expanding opportunity for grid-stabilizing storage solutions.
AI Summary
- •New South Wales (NSW) has awarded 12GWh of long-duration energy storage (LDES) across six battery projects, marking Australia's largest LDES tender.
- •This achievement significantly surpasses NSW's LDES targets, signaling a robust and accelerating market for grid-scale storage development.
- •Industry stakeholders are hailing the tender as a 'game-changer' for enhancing grid reliability and stability in the region.
- •For developers, this indicates strong policy support and a clear market signal for LDES investments in NSW, potentially setting a precedent for other regions.
- •Large power consumers can anticipate improved grid stability and potentially more predictable power supply as a result of this increased storage capacity.
Topics
capacity-marketpolicystorage