Record breaking year for battery energy storage in Australia

Australia’s battery boom continues with another record-breaking year for our energy storage capacity, according to a new report from solar and storage market analyst Sunwiz.According to the 2022 Australian Battery Market Report, 2021 was the first year that more than 1 gigawatt-hour of battery capacity was installed, with another gigawatt-hour expected in 2022. This is enough storage to power almost 590,000 homes for an hour during a peak period in summer.Most of that growth came from the installation of large-scale grid batteries, including the Victorian Big Battery and the Wandoan South Battery Energy Storage System in Queensland.The storage duration of batteries is also growing, with 4 hour batteries in the works, which will mean that power prices continue to come down. Another important trend has seen an increase in electricity retailers announcing new projects, like Alinta in…

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