This report summarises the key lessons and innovation opportunities for Large-Scale Battery Storage (LSBS) projects in Australia based on specific project insights gathered through the Australian Renewable Energy Agency (ARENA), Aurecon’s industry experience, and publicly available information.
The electricity market is in the midst of a transition. Increasing shares of variable renewable energy generation have elevated the important role energy storage will play to support power system reliability and security. However, to enable new services and ensure the security of the power network, the market will need to adapt.
Large-Scale Battery Storage (LSBS) is an emerging industry in Australia with a range of challenges and opportunities to understand, explore, and resolve. To meet the challenges, it is important that learning opportunities are drawn from each project undertaken to increase the chances of success for future projects, bolster business cases, and realise the full potential of LSBS.
There are a number of technical, commercial, and regulatory opportunities that the market has already identified and is beginning to explore.