Australian energy storage industry information

Are energy storage projects progressing in Australia?

Since the release of the report three years ago, there has been a range of energy storage projects progressed in Australia. For example, in 2017, a large-scale energy storage facility in South Australia was constructed using Tesla’s lithium-ion battery system, with excellent results.

Is energy storage the next big change in Australia's electricity systems?

Energy storage is seen by many as the next big change required in Australia’s electricity systems. Storage can solve challenges that range from smoothing the intermittency of renewable generation to providing power quality support, and managing peak demand for consumers. For further details, refer to Appendix 1 of the full report.

What are Australia's energy storage options?

The then most cost-effective storage options anticipated in 2030 were pumped hydro energy storage (PHES), lithium-ion batteries and zinc bromine batteries. Australia’s abundance of raw materials for batteries and our high level of relevant R&D make energy storage a significant opportunity for industry growth and job creation.

Does Australia need energy storage?

At an aggregated national level, Australia can reach penetrations of 50 per cent renewable energy without a significant requirement for storage to support energy reliability. Australia is well placed to participate in global energy storage supply chains.

Which energy storage technology is best for Australia's energy needs?

The CEC said emerging LDES technologies coupled with the energy storage systems in place, would be the best suite to appropriately manage Australia’s needs. In March this year, the ARENA held an Insights Forum which covered energy storage and technologies that can bring system security to the grid.

Can Australia develop a next-generation energy storage system?

Australia is undertaking world-leading research in several energy storage areas, including next-generation batteries, hydrogen and advanced thermal storage systems. Australia also has strengths in polymer chemistry, a technology that could contribute to the development of next-generation solid-state batteries.