The July 2026 release grows the NEM to around 204 GW by 2050, led by solar and battery storage

Installed capacity, excluding hydro (GW)
Release:
Source: Modo Energy NEM Forecast, July 2026 release
Note: Snapshot years shown. Excludes reservoir hydro (flat ~18 GW, no new build; nameplate reflects the new nodal representation). Battery is utility-scale; "Other" includes coordinated household storage, demand response and offshore wind.
MODOENERGY