Featured in Harvest Potential – 10-2023

Big BESS, big bet

As Australia’s big battery fleet continues to charge ahead, the battery revenue stack is evolving – and so are financing opportunities.

By

Marija Maisch

11 Oct 2023

The 300 MW/450 MWh Victorian Big Battery, in Geelong, is part of the gigawatt-scale portfolio of BESS assets developed, owned, and operated by French renewables giant Neoen. | Photo: Victoria State Government

From non-existent before 2017 to a gigawatt-scale fleet of operational projects at present, Australia has established itself as a global hotspot for grid scale battery energy storage system (BESS) deployment. After the first big battery was delivered following a social media wager between two billionaires, Elon Musk and Mike Cannon-Brookes, the key impetus for kickstarting …

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