Australia’s Energy Storage To Be 3000Mw by 2030

The Clean Energy Council has released a report, Energy Storage in Australia – Commercial Opportunities, Barriers and Policy, which  suggested the market for energy storage technology in Australia will be approximately 3000MW by 2030.

The report, written by Marchment Hill Consulting, added that energy storage is emerging as a potential means to support existing electricity networks and it will also facilitate the efficient operation of electricity markets, improve the stability of the electricity grid, and meet the needs of residential and commercial customers.

Tim Sonnreich, the Clean Energy Council Policy Manager, believes that this could lead to profound changes in the structure of Australia’s electricity market. “If this happens on a large scale it will force a change in the business model of how we fund the poles and wires network, unlock the full potential of Australia’s enormous renewable energy resources and accelerate the shift to a clean energy economy,” he said.

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