Australia will need 15 GW of utility scale storage by early 2040s
Increased storage and strategic transmission development will be needed to ensure the most economic and lowest risk transition of Australia’s energy system, the Australian Energy Market Operator said in its latest study. In 20 years’ time, the need for storage will be at a scale not seen before in the national electricity market, and pumped hydro and distributed storage are set to play major roles in lowering electricity prices and building a reliable and resilient power system.
