The Australian Energy Regulator (AER) has released its annual State of the energy market report, covering Australia’s wholesale electricity and gas markets, the transmission and distribution networks, and energy retail markets.
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There has been significant recent growth in Australia s energy storage sector and indications suggest that the pace of development is only going to increase.
Recent examples have included the expansion of the Hornsdale Power Reserve, commencement of work on the 300MW/450MWh Victorian Big Battery, and announcement of a pipeline of nearly 3GW of new battery storage projects by other developers.
Why are we seeing such growth in the energy storage sector?
Renewable generation continues to increase
Australia s energy industry is in rapid transition from a centralised coal generation system to a highly diverse and de-centralised system dominated by large and small scale renewable generation.