Earlier quoted context omitted.
120 GWh is not what most would describe as "little storage". The largest hydroelectric storage facilities in existence are in the single digit or low double digit GWh. And this is for a country with a relatively small population. The current pipeline of utility battery storage projects in Australia is estimated to be 26GW ( https://www.pv-magazine-australia.com/2021/11/03/australias-... ). Storage ratios of announced…
Only 6.3 GWh of battery storage is actually announced in your link. Plenty of storage facilities are at ratios lower than 2: https://www.energy-storage.news/victorian-big-battery-austra... And if the batteries haven't actually been provisioned yet, it might be hard to build those without securing additional funding: https://tradingeconomics.com/commodity/lithium
Eleven months later, and new CIA research shows the pipeline of proposed storage has grown enormously, to over 26 GW of announced projects.
The individually enumerated projects in that article appear to be only a subset of those.
It's true about the Victorian battery you linked at a ratio of 1.5, so that has the 26GW representing somewhere in the range of 39GWh to 104GWh (ratios close to 2 appear to be the most common, though - presumably representing a current sweet spot of battery versus inverter pricing).
I believe the point still stands, though, which is that the suggested quantity of storage is an incremental advance on what's currently planned rather than some kind of moon shot.