News & Insights

Yesterday evening delivered the longest run of extreme prices so far this winter. From 4 to 9 pm, every mainland region spent long stretches with prices mostly around $10,000/MWh,...

As of this week, AEMO’s Frequency Performance Payment (FPP) procedure has become financially operational, changing how generators, large loads and batteries are rewarded (or penalised) for their real-time impact...

Not all batteries play the same “game”.   Battery storage systems generate revenue through a mix of market and non-market mechanisms, including wholesale arbitrage, offtake agreements, capacity schemes, and...

Last week marked the best-performing week of 2025 for BESS in NSW, delivering more than $2.2 million in market revenue across the week. Spot prices surged past $10,000/MWh across...

We’re excited to announce the launch of OpenBESS — OptiGrid’s open-access platform designed to make it easier to understand how grid-scale batteries are performing in Australia’s National Electricity Market...

How can developers and operators maximise merchant revenues from batteries? Last week at the Energy Storage Summit, our CEO, Sahand, joined five industry leaders on a panel to tackle...

Battery storage assets have a finite cycle life, with manufacturer warranties tied to specific throughput limits. To maximise lifetime value while meeting contractual obligations, operators carefully adjust their strategies,...

Price spreads are widely used to gauge the potential for batteries, and they’ve been on the rise in the NEM. But how much of that price spread are batteries...

Over the past year, prices in the Contingency FCAS markets have been on a steep downward trend, with average prices falling below levels deemed attractive by “price-setting” batteries. As...

Since 2022, NEM has seen a sharp increase in new utility-scale battery capacity, now totaling around 2 GW—more than half of which was added in just the past 18...

For the first time, batteries generated more than half of their total market revenue from the energy market in 2024 (70%). This is a significant shift, as FCAS markets...

OptiGrid has recently closed a seed capital raise led by IP Group, with participation from the Clean Energy Finance Corporation (whose investment is managed by Virescent Ventures), University of...

Utility-scale batteries have become increasingly central to Australia’s National Electricity Market (NEM) and electricity grids worldwide. However, despite their potential, many of the batteries are not yet realising their...

While many forecasting tools have been developed to improve forecasts of renewable generation, their accuracy is limited by the inherent predictability of the data used – that is, how predictable the renewable resource is in...

Garbage in, garbage out! Inaccurate assumptions in modelling can significantly skew the outcomes of power system and market studies. Yet, obtaining precise input data for battery storage systems is...

Machine learning models have been widely used for price forecasting in various contexts. Yet, in electricity markets, they often fail to deliver meaningful insights that lead to significant performance...