Investment in big batteries booms as Australia’s energy transition gathers pace
by Petra Stock from on (#6XKVV)
The target is ambitious, but it's achievable,' expert says of Labor's 2030 renewables goal
Investment in big batteries hit $2.4bn in the first three months of 2025, making it the second strongest quarter for energy storage on record in Australia.
The latest data from the Clean Energy Council found six new storage projects - totalling 1.5 gigawatts capacity - reached financial close (the financial commitment that means the project is likely to be built) and a level of investment last seen in the final quarter of 2023 with a record $2.8bn.
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