Utility-Scale Energy Storage in Australia

Synopsis

Australia stands at the forefront of the global energy transition with its rapidly expanding utility-scale energy storage sector. This presentation by Luisa Rust, Senior Trade and Investment Commissioner for Austrade in Manila, explores Australia’s transformative journey in energy storage deployment. As coal-fired power plants retire and renewable energy penetration increases, Australia is experiencing unprecedented growth in battery energy storage systems (BESS) and diversifying into long-duration energy storage technologies. With current capacity around 2.5 GW and projections to reach 16-18 GW by 2030-2035, Australia offers compelling investment opportunities backed by strong government support mechanisms and a stable regulatory environment. The presentation highlights key projects, policy frameworks, and strategic advantages for Asian investors looking to participate in Australia’s energy storage revolution.

1. How is Australia’s energy storage market evolving, and what factors are driving its projected 8-fold growth to 18 GW by 2035?
2. What market conditions are creating the current investment momentum of AUD 2.4 billion in Q1 2025?
3. What can we learn from Australia’s flagship energy storage projects like the Waratah Super Battery and Melbourne Renewable Energy Hub?
4. What specific outcomes has the Capacity Investment Scheme delivered for storage projects?
5. How will the 30% subsidy for battery systems from July 2025 impact market growth?
6. How are Long Duration Energy Storage (LDES) technologies being evaluated and deployed?
7. What strategic opportunities exist for Asian investors and partners in Australia’s energy storage sector?