Habitat Energy announced plans to enter the Australian market in early 2020 at an event hosted by the Australian Chamber of Commerce in London on 27 June (https://www.australiachamber.c…).
In a panel discussion moderated by Habitat co-founder Ben Irons, panelists Gareth Miller (Cornwall Insight), Adam Coxhead (National Australia Bank), Mark Jones (Lightsource BP) and Scott McGregor (RedT) concluded the Australian National Electricity Market is attractive to investors and developers of renewable energy and battery storage, particularly in light of continuing market reform offering 5-minute granularity in spot pricing and the introduction of forward market exchanges. As with the UK, Australian investors are making progress in finding ways to de-risk increasingly merchant investment opportunities. The policy landscape is seen as broadly supportive both at state and federal levels.
“Habitat Energy’s knowledge of battery storage and algorithmic approach to market forecasting and flexible asset optimisation is ideally suited to the Australian market opportunity” says Irons. “We see Australia as one of the most attractive global markets for grid-scale merchant storage, and look forward to establishing a presence there both with existing clients and new ones”.
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