Australia energy storage subsidies

Does Australia have a capacity investment scheme?

A tender for 600 MW/2.4 GWh of energy storage in Victoria and South Australia has been announced as part of Australia’s new national Capacity Investment Scheme, a project underwriting program coordinated by the federal government.

Does Australia need multiple energy storage technologies?

National science agency CSIRO has said Australia needs multiple energy storage technologies at massive scale to achieve its transition.

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.

Why is Australia delivering the Australian made battery plan?

“The Government recognises the pivotal role that cheap, widely available energy storage will need to play in the transition to renewable power. That’s why the Government is delivering the Australian Made Battery Plan, spearheaded by the development of Australia’s first National Battery Strategy.

Does Australia need a whole-of-government energy transition strategy?

Australia’s energy transition will require a whole-of-government just energy transition strategy at both federal and state and territory levels, boosting job opportunities and skills for the transition and securing the social licence to construct and operate the necessary infrastructure.

Does Australia need solar storage?

Even in Australia, storage is not coming online as quickly as coal is exiting, says David Dixon, an analyst at Norwegian firm Rystad Energy. Given that South Australia met all of its demand from solar and wind for more than 10 consecutive days in December 2022 – likely a first for a gigawatt-sized grid – the need for storage is immediate.