Story perspectives

Labor Boosts Battery Funding to A$7.2bn, Aims 2 Million Homes

5/31/2026

Summary

Story summary

The Labor government raised battery-subsidy funding to A$7.2 billion to target 2 million home batteries by 2030.
The July scheme, backed by A$2.3 billion, cuts costs by 30 % and drives 1,000 installations, reaching 415,000 batteries—one per 25 homes.
Battery growth lowered electricity prices up to 10 % and cut gas-fired generation by 24 % over three summer months.
AGL installed a 500-MW, two-hour battery at the former Liddell coal site, set for commercial operation next month.

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Story summary

The Labor government raised battery-subsidy funding to A$7.2 billion to target 2 million home batteries by 2030.
The July scheme, backed by A$2.3 billion, cuts costs by 30 % and drives 1,000 installations, reaching 415,000 batteries—one per 25 homes.
Battery growth lowered electricity prices up to 10 % and cut gas-fired generation by 24 % over three summer months.
AGL installed a 500-MW, two-hour battery at the former Liddell coal site, set for commercial operation next month.