The National Electricity System or NEM, is Australia’s largest energy market and one of the largest interconnected electricity systems in the world, delivering around 80% of all electricity consumption in Australia. As Australia transitions toward a renewable emission-free system, the market must adapt to changes in electricity generation and emerging technologies. This episode takes a look at the state of renewable penetration in Australia, an overview of the largest market in the country, what the current state of battery buildout looks like, and the challenges facing the system.
In our first Australian market focused episode, Alex Leemon, Flexibility Markets Lead at Gridcog, joins Wendel Hortop. Throughout the conversation, they discuss:
- The differences in renewable adoption across individual states in Australia.
- Overview of the National Electricity Market (NEM) and Australias other grids, as well as the Australian Energy Market Operators (AEMO) role in managing system stability.
- A look at the existing 2.1GW installed battery capacity in the NEM and what the future pipeline looks like.
- Challenges facing the country including, constraints, congestion and minimum system demand challenges due to rooftop solar adoption.
- How recent market events are shaping AEMO’s actions to help maintain system reliability during peak demand.
About our guest
Gridcog is a global energy tech company on a mission to accelerate the world’s transition to net-zero by objectively informing new energy investment decisions. Providing a simulation software that helps model and track energy projects, Gridcog is helping organizations transition to a more decentralized and decarbonized energy future. For more information on what Gridcog do, head to their website.
About Modo Energy
Modo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place. Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.
All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on LinkedIn or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on battery actions in Australia, check out our written research.
