Australia portable energy storage field

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.

Will Australia be a player in energy storage?

Globally, Bloomberg New Energy Finance estimates that 387 GW of new energy storage will be added by the end of the decade. “We want to make more things here and with global demand for batteries set to quadruple by 2030, Australia must be a player in this field,” Albanese said.

Can Australia take a leading role in energy storage manufacturing?

Manufacturing Australia has limited potential to take a leading role in energy storage manufacturing for current technologies. The energy storage sector is developing at a rapid pace globally and attempting to compete against global manufacturers in established technologies would pose great challenges.

How can Australia benefit from energy storage research?

Australia is recognised as conducting world-leading research in a number of energy storage disciplines. However, deriving the full benefit from this research will require improved performance in research translation, industry-research collaboration and commercialisation.

Can Australia be a testbed for energy storage technologies?

These factors suggest that Australia can be a testbed for the deployment of energy storage technologies, which creates a number of opportunities for research activity and industry growth. Australian researchers and companies are active across the supply chain for energy storage technologies.

Can Australia be a leader in energy storage?

Australia has the potential to be at the forefront of deployment of energy storage technologies. High penetration of rooftop solar systems coupled with high energy prices by international standards mean the appetite for distributed storage is large.