
Remember when Aussies joked about storing sunshine in jars? By September 2018, that whimsical idea had evolved into a AU$1.2 billion energy storage market. The Australian energy storage sector wasn't just growing – it was doing the equivalent of a kangaroo's vertical leap, fueled by blackout fears and plunging battery costs.
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On September 5, 2024, smoke billowed from what was once a crown jewel of renewable energy infrastructure - the 30MW/120MWh SDG&E Escondido battery storage facility. This grid-scale energy storage project, operational since 2017, had been the Michael Jordan of battery installations in its prime, holding the title of world's largest lithium-ion battery system during its inauguration.
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