EXECUTIVE SUMMARY – Extract
Australia is undergoing an energy transformation that promises to intensify over the coming decades. In the electricity generation sector this transformation involves: a greater reliance on renewable energy in response to climate mitigation policies; relocation of where energy is generated and distributed as a result of changing economics of energy costs and technological developments; and how and when energy is consumed with the advent of ‘prosumers’.
Energy storage is critical to a successful transformation as it provides the vital link between energy production and consumption and allows for greater penetration of both utility scale variable renewable generation and distributed energy generation. Without effective planning, appropriate investment and also incentives to develop and deploy energy storage technologies, the costs of electricity in Australia will continue to increase and there will be less reliable (adequate and secure) electricity supply.
SOURCE: Godfrey, B., Dowling, R., Forsyth, M., Grafton, R.Q. and Wyld, I., (2017) The Role of Energy Storage in Australia’s Future Energy Supply Mix. Report for the Australian Council of Learned Academies.
Produced by the librarians at the Brotherhood of St Laurence in Melbourne, Australia