Investment experts say Australia is fast becoming an attractive destination for large-scale batteries and renewable investment, which should ultimately bring down the costs of gas and electricity for households.
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| Tesla's lithium-ion battery's success in SA has drawn the eyes of the global investment community. |
The world's second-most powerful battery could be built in the Top End as part of a plan to produce more renewable energy for the Northern Territory, following the installation of Elon Musk's 100-megawatt battery in South Australia.
The Climate Council has called it a renewable investment bonanza.
"We will see I think a boom over the next decade in battery storage and also solar thermal, we're starting to see that play out now in South Australia," the Climate Council's Andrew Stock said.
Mr Musk drew plenty of media attention when he announced he would build a 100-megawatt battery in South Australia.
Read David Taylor’s ABC News story - “Renewable energy investment 'bonanza' is coming to Australia, experts say.”
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