Energy storage in Australia
Currently storage of electrical energy in Australia consists of a small number of pumped hydroelectric facilities and grid-scale batteries,
Australia is a substantial net exporter of energy, including coal and natural gas, with net exports equating to over two-thirds of production. Around 88% of black coal energy production was exported in 2023-24, as was around 74% of domestic natural gas production and 96% of crude oil production.
Currently storage of electrical energy in Australia consists of a small number of pumped hydroelectric facilities and grid-scale batteries, and a diversity of battery storage systems at small scale, used mainly for backup. To balance energy use across the Australian economy, heat and fuel (chemical energy) storage are also required.
There are a number of risks to the forecasts of resource and energy exports from Australia. A broadening of conflict in the Middle East could disrupt oiland gas exports and raise prices. Higher-than-normal odds of a
Exports of LNG have been one of the main contributors to recent growth in our energy exports. Australia is a net exporter of energy commodities but, notwithstanding this, it remains a net importer of oil products. Australia's total energy production decreased by 2.5% in 2021–22 to 21,219 PJ (Table 1.2; Figure 1.2).
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