Battery energy storage in a net zero emissions economy

Batteries are well placed to support the transition to a net zero emissions future and provide an evolving range of services to the power system. Large scale battery energy storage systems are already providing a range of valuable services to the National Electricity Market. These are incredibly flexible assets, highly configurable in the value stack they can provide, and support the national grid. As the penetration of variable renewable energy increases in the coming years, the power system will face continued and emerging challenges.

The presentation will show how grid scale battery storage is reshaping the engineering of electrical power systems to enable the transition to a renewable energy future. It will provide insight into the current state of play in large scale battery storage, emerging power system challenges and how batteries can play a crucial role in meeting these challenges.

Battery costs are falling and energy market prices evolving in favour of battery projects. Yet building a commercial business case for a grid scale battery remains a challenging feat. An overview will also be provided on how regulatory reforms are in process to value more elements in the toolkit of battery services.