Analysis of australian energy storage sites

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.

Is Australia a great national strength in energy storage technologies?

Finding 1 Australia’s research and development performance in energy storage technologies is world class and is regarded as a great national strength. However, if Australia is to maximally benefit from this strength then strategic focus and enhanced collaboration with national and international companies is required.

How can Australia improve energy storage research & development?

The full list of findings is located at the end of the executive summary. Australia’s performance in energy storage research and development is world class. However, it could benefit from greater strategic focus and enhanced collaboration. Australia is recognised as conducting world-leading research in a number of energy storage disciplines.

Does Australia have a competitive advantage in energy storage systems?

Many stakeholders suggested that Australia has greater competitive advantages and potential for manufacturing success in the hardware and software systems that will be required for smart management and integration of energy storage systems.

Is LDEs the future of energy storage in Australia?

The CEC report found that the use of LDES is “rapidly emerging as effective and complementary to reinforcing these established types of energy storage,” in Australia. It also noted how employing the technology could “bring down the total cost of the transition while also reducing environmental and social impacts.”

Is Australia a good place to invest in energy storage?

Australia has significant reserves of a number of raw materials used in energy storage manufacturing, most notably lithium. In addition to the extraction of these minerals, conducting more value-adding in Australia has potential if processing and energy costs can be reduced.