Long duration storage technologies will play a key role in maintaining the security and reliability of Australia’s energy system as more renewables are brought online and as coal generation retires, a new report by the Clean Energy Council (CEC) has found.
Launched at the CEC’s Australian Large-Scale Solar and Storage Summit (ALSSSS) in Brisbane, The future of long duration energy storage report provides a comprehensive overview of how different storage technologies can keep costs down and firm renewables as the energy transition progresses.
The key insights from the report include:
“Emerging forms of ALDES solutions are well-equipped to support system security and reliability, by providing bulk energy reserves, inertia and system strength,” said Clean Energy Council Policy Director – Market, Investment & Grid, Christiaan Zuur.
“These technologies support reliability in a changing power system by carrying significant volumes of stored energy over long periods of time. These substantial energy reserves are key to replacing coal generation as it exits the system. They also enable firming of renewable generation, further helping to support overall system reliability.”
“Another key benefit of long duration storage, including the ALDES solutions in this report as well as pumped hydro, is their ability to provide long term energy firming contracts. These contracts will be key to supporting competition in the retail market, which in turn is central to keeping prices down for consumers.
“ALDES is an important part of the total storage portfolio. Building this portfolio of storage solutions now will accelerate the transition and ensure that Australians continue to benefit from reliable, low cost and zero carbon energy supply into the future.”
ENDS
For more information or to arrange an interview, contact:
Liam Straughan
Clean Energy Council Media Officer
[email protected]
+61 409 470 683