But we’re also seeing a profound deployment of battery energy storage systems (BESS) at the utility scale. Australia was the third largest installer of batteries in the world in 2025, behind only the USA and China, and will likely repeat this again in 2026.
Renewable generation supplied more than half of Australia’s electricity in the fourth quarter of 2025, driving wholesale power prices down by nearly 50% and coinciding with record battery output, according to the Australian Energy Market Operator (AEMO). Coal-fired generation fell 4.6% year on year to a record quarterly low, while gas-fired output dropped 27% to its lowest level in 25 years.
Pretty great. Nice to see some positive news once in a while.
I love that the market is just getting on with the quiet business of decarbonisation.