According to the Latest Report released by Clean energy Council, the Australian Energy Storage Market is all set to reach over 2,500 MW by 2030.
The report released by Clean energy Council in partnership with Marchment Hill Consulting found that the current use of energy storage in Australia is only about 200-300 MW and most of the installations are in remote outback sites or in experimental operations.
The Key Take away's from the report
Business demand for storage to supplement backup generation today makes up a material proportion of the potential market, grows modestly over time. Existing Residential demand also grows, but only ever forms a very small part of the market. Support for Fringe and Remote Electricity Systems also makes up a material proportion of the market today, and grows strongly out to 2030. The ‘Grid Stability’ opportunity increases after 2020-21, and the ‘Peak Shifting’ opportunity accelerates noticeably between 2025 and 2030.
The report released by Clean energy Council in partnership with Marchment Hill Consulting found that the current use of energy storage in Australia is only about 200-300 MW and most of the installations are in remote outback sites or in experimental operations.
The Key Take away's from the report
Business demand for storage to supplement backup generation today makes up a material proportion of the potential market, grows modestly over time. Existing Residential demand also grows, but only ever forms a very small part of the market. Support for Fringe and Remote Electricity Systems also makes up a material proportion of the market today, and grows strongly out to 2030. The ‘Grid Stability’ opportunity increases after 2020-21, and the ‘Peak Shifting’ opportunity accelerates noticeably between 2025 and 2030.
Though Australian Market is growing Technical issues still remain:
There is no consistent control interface for energy storage: Most storage vendors supply their own storage management systems, and claim these systems offer an ideal way for networks to control the underlying storage technology. But this risks ‘reinventing the wheel’ with each deployment.
No accepted standard for a utility battery: There is no accepted standard for a utility battery that could be used by vendors to standardize their product designs, and supply batteries to networks based on a universal, “widget-like” specification.
Existing SCADA systems lack the symbols and logic: that would allow them to deal with storage as a new type of network asset, which has some characteristics of both generating units and load, but behaves differently to both.
The infrastructure needed to control and coordinate large network of storage in the field: especially smaller distributed systems at the sub-1MW scale, is limited or does not exist.41 For example, it would be challenging to implement a communications backbone capable of receiving and sending signals to many individual, decentralised storage devices across a network.
Some storage technologies are not yet seen by many in the energy sector as being safe for widespread deployment in the field, or for use by end customers. Some battery technologies in particular are believed by some to carry the risk of thermal runaway and explosion.
Click here to Download the full Report
