What is Australia's energy storage capacity?

Australia had 2,325MW of capacity in 2022 and this is expected to rise to 22,076MW by 2030. Listed below are the five largest energy storage projects by capacity in Australia, according to GlobalData’s power database. GlobalData uses proprietary data and analytics to provide a complete picture of the global energy storage segment.

Is energy storage a viable option in Australia?

There are limited commercially mature (bankable) energy storage options in Australia that are deployable in the near term, and the most widely deployed systems in Australia, li-ion and PHES, face supply chain risks and geographical constraints respectively.

Why is Australia embracing solar energy storage solutions?

To support this new solar-driven energy mix, Australia has successfully embraced energy storage solutions to balance the fluctuations in solar energy generation, paving the way for a more reliable and sustainable energy future.

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.

What drives the growth of battery energy storage systems in Australia?

According to Wood Mackenzie’s APAC Power & Renewables team, as reported in Forbes, one key factor driving the growth of battery energy storage systems (BESS) in Australia is its status as one of the most favorable markets for such systems.

How big is Australia's rooftop solar capacity?

According to the Clean Energy Council’s bi-annual Rooftop Solar and Storage Report for the first half of 2024, Australia has achieved a cumulative rooftop solar capacity of around 24.4 GW, putting it on course to surpass the 25 GW mark by the year’s end.