General
Companies are powering ahead with big battery projects, but a ‘lack of certainty’ by governments could deter good investment
Grid-scale battery projects from firms like AGL, Origin Energy and Neoen are racing ahead despite the divergent energy and emission goals of governments, which create a “lack of certainty”, according to the New South Wales Energy Minister.
Key points:
- Several new battery projects have been announced in New South Wales by power companies looking to get ahead as coal-fired power stations are phased out
- However, there are concerns the patchwork approach as a result of differing objectives between governments will deter good investment
- The Energy Security Board is expected to make recommendations on a market framework in the coming months
“The number one complaint I get from business and industry is that there is a lack of certainty because of…
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