4 FAQs about Australian energy storage exports

Is Australia a major exporter of energy?

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.

Which energy storage options are available in Australia?

There are limited commercially mature (bankable) energy storage options in Australia that are deployable in the near term, and the most widely deployed systems in Australia, lithium-ion batteries and pumped hydro, face supply chain risks and geographical constraints respectively.

Why do we need energy storage in Australia?

In addition to helping meet Australia's demand for electricity storage, hydrogen storage will be required for distribution and buffering for various end users, and thermal energy storage will be needed when renewable process heat is used in industrial production.

What are Australia's energy imports?

Most of Australia's energy imports are of refined petroleum products and crude oil, with the majority of consumption of these commodities met by imports. Domestic refineries imported just under two thirds of their feedstock, while 79% of refined product consumption in Australia was met by imports, the highest level on record.

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