The battery boom is here: These are the 3 things smart businesses should know
These statistics tell an astonishing story of the milestone we have reached in Australia’s energy transformation:
- Battery storage proposals have doubled from 11 GW to 20.5 GW in just 12 months (AEMO).
- Uptake of utility-scale batteries could expand eightfold to 18 GW by 2035 (BNEF).
- Utility-scale batteries earned 3 times more revenue in 2024 vs 2023 (BNEF).
We are on the cusp of something big, something really big, that is having a significant impact on the commercial opportunities in the renewable energy sector.
Whether you’re an energy infrastructure player, an investor, a developer, or simply a forward-thinking business, here are some important insights related to battery energy storage system (BESS) opportunities:
1. Strong Investment
The Australian Government’s Capacity Investment Scheme (CIS) offers a strategic opportunity to invest in battery storage by providing long-term financial incentives and reducing investment risk.
2. Increasing Need
With the majority of Australia’s coal plants expected to retire by 2035, battery storage will become critical to maintaining grid balance and reliability—unlocking a major growth market for BESS programs.
3. Revenue Potential
As newer, long-duration storage technologies come online, revenue potential continues to grow. This presents increasingly lucrative opportunities for investors and developers aiming to stabilise the grid and leverage dynamic energy markets.
Battery storage is the key enabler to capturing excess energy and dispatching it when Australia needs it most. It’s the backbone of a resilient, flexible, and decarbonised grid. And there has never been a better time to get on board.
To find out how Intium can help support you through this exciting and unprecedented phase of BESS growth—from strategy, design, construction, operations, maintenance and more, get in touch today. With our expertise in large-scale energy infrastructure, we can offer end-to-end support in the successful delivery of BESS projects.