Free Webinar in Partnership with Australian Trade and Investment Commission
Title: The Future of Energy Storage: The Case for Australia
Securing Australia Investing in Australia's Energy Future
Kris McCoy from DCCEEW
The Future of Energy Storage The Case for Australia
Julianne Davis from Austrade
Wind, Solar and Battery Storage for a Sustainable Life
Sam Wiggins from RWE Australia
Australia has emerged as one of the hottest markets globally for energy storage.
Australia’s energy storage capacity is set to increase significantly from 3GW currently to at least 22GW by 2030 and 49GW by 2050 to meet future energy demands and reach its 2030 target of 82% renewable electricity generation.
At the close of 2023, the Australian Government announced its biggest energy policy change introducing the Capacity Investment Scheme (CIS), unlocking 9GW of energy storage and A$10 billion in investment.
Since then, additional initiatives have been announced including the National Battery Strategy and the Future Made in Australia framework, which commits A$22.7 billion to making Australia a renewable energy superpower.
Webinar Speakers:
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Our expert speakers drew from industry and federal government and covered the following three topics:
- Why Australia is considered the hottest energy storage market: battery revenues, capital structures and BESS business models for Australia.
- What makes Australia a good investment destination for BESS and long duration storage: Australia’s storage ecosystem and available support mechanisms.
- The critical role of energy storage in achieving Australia’s net zero targets: an in-depth look at Australia’s National Battery Strategy, Capacity Investment Scheme (CIS) and Future Made in Australia framework.
