30 July 2015
Reliable, cost effective storage has a vital role to play in smoothing out energy supply and allowing more renewable energy to enter Australia’s electricity grids.
The sector is undergoing rapid growth and we are witnessing significant cost reductions and the development of new business models.
AECOM has prepared a timely report, on behalf of ARENA, detailing its assessment of storage technology today and how the technology may evolve and grow in the future.
The Energy Storage Study identifies a number of priority areas for further investment in storage to help overcome barriers, support higher penetrations of renewable energy and provide other benefits to the electricity network and consumers.