06/07/2026
AEMO's latest quarterly data confirms what those of us working in the sector have been watching build for some time. Australia's grid-scale storage transition has moved from forecast to fact.
Standalone batteries now account for 33.2 GW of the NEM connections pipeline, up 62% in twelve months. That's roughly half of everything in the queue. Installed capacity has doubled in a year to more than 8 GW. And in the March quarter, batteries set the price in 32% of trading intervals, overtaking hydro as the most frequent price-setting technology in the market.
Renewables supplied 46.5% of NEM generation over the same period, a record for a first quarter.
The conclusion is straightforward. Storage is no longer the missing piece of the energy transition. It's the asset class doing the heaviest lifting.
But a pipeline is not a fleet. AEMO's own commentary points to projects stalling in the implementation phase on funding, connection and design issues. The distance between what's proposed and what actually reaches full output is where value will be won or lost over the next five years.
That's the part of the market G8 Energy works in. We develop investment-grade BESS projects across the NEM with a focus on the fundamentals that determine whether a project gets built: siting, connection and market fit.
The build-out is here. The question now is who develops it well.
