Energy Storage News•28 days ago
Australia opens Capacity Investment Scheme Tender 8, seeking 16GWh of energy storage across NEM
Key Takeaway
This tender represents a massive, government-backed opportunity for developers and IPPs to deploy significant energy storage capacity in Australia, fundamentally reshaping the NEM's reliability and renewable integration capabilities.
AI Summary
- •Australia's CIS Tender 8 is officially open, targeting a substantial 16GWh of energy storage capacity across the National Electricity Market (NEM).
- •This government-backed initiative provides a clear market signal and de-risking mechanism for large-scale energy storage projects, offering significant opportunities for developers and IPPs.
- •The tender is expected to drive substantial investment in new storage assets, potentially influencing future capacity prices and grid stability.
- •For large power consumers, this development promises enhanced grid reliability, improved energy security, and greater integration of dispatchable renewable energy sources.
Topics
capacity-marketfinancingpolicyppasolarstoragetransmissionwind