Energy Storage News•about 5 hours ago
‘The cost declines in lithium-ion tech provide very attractive pricing’: ASL on NSW’s recent 12GWh LDES tender
Key Takeaway
The NSW 12GWh LDES tender signifies a maturing, policy-backed market for large-scale energy storage, presenting compelling investment opportunities for developers and IPPs due to attractive pricing.
AI Summary
- •New South Wales (NSW) has launched a substantial 12GWh Long Duration Energy Storage (LDES) tender, signaling strong policy commitment to grid-scale storage.
- •The tender highlights highly attractive pricing for LDES solutions, driven by significant cost declines in lithium-ion battery technology.
- •This initiative creates a major market opportunity for developers and IPPs to deploy large-scale energy storage projects in Australia, supported by competitive economics.
- •The tender's scale indicates a robust demand for long-duration capacity, offering stability and revenue potential for new storage assets.
Topics
capacity-marketfinancingpolicyppastorage