Energy storage is an emerging industry in Australia expected to play an increasingly crucial role in the electricity market’s clean energy transition.
A fleet of rapid-responding storage assets, both short and long duration, will be an important part of underpinning a balanced grid of the future. In particular, energy storage can capitalise on Australia’s unparalleled renewable energy generation potential, supporting effective load shifting to ensure renewables resources are plentiful at peak demand periods.
The CEFC has a particular interest in supporting sponsors considering co-located renewable energy and storage facilities, which are emerging as a standard asset class. We are also looking to invest in battery storage projects which provide valuable grid services such as grid-forming inverters, crowding in private sector co-financiers to grow market confidence in merchant storage revenue streams.
Investing in our grid – capacity and connections for clean energy
CEFC Chief Investment Officer - Clean Futures Paul McCartney speaks with Professor Paul Simshauser AM, CEO of Powerlink, about the future of Australia’s electricity grid.Watch our webinar
Rising to the transmissions challenge
Australian Energy Market Operator CEO Daniel Westerman talks about the future of the grid, the path to net zero and his experiences with electric vehicles.Read our article
SA big battery makes a big difference
South Australia’s Hornsdale Power Reserve is providing essential grid support services to enable increasing amounts of renewable energy into the grid.Read our insight
Major Neoen projects drive critical minerals decarbonisation
Read moreThe challenge of reducing emissions across the economy starts with the energy sector. The offtake agreement with BHP demonstrates how reducing energy emissions accelerates decarbonisation across the economy.Ian LearmonthCEO, CEFC
Waratah Super Battery backs grid transformation
Read moreBattery storage underpins a future balanced grid, ensuring that more clean energy can reach more consumers and providing network stability as coal continues to exit the network earlier than predicted. Our investment in the Waratah Super Battery supports a secure grid powered by renewable energy and fit for a future, low emissions economy.Ian LearmonthCEO, CEFC
Neoen Capital Battery supports ACT net zero ambition
Read moreWe are extremely pleased to be providing an innovative debt financing package that will support Neoen in its market leading rollout of grid scale storage.Alexander AustinCEO, Infradebt
300 MW Victorian Big Battery targets stronger grid and more renewable energy
Read moreThe delivery of the Victorian Big Battery is a major achievement for Neoen, not only because it is one of the largest batteries in the world, but also because it represents another key milestone in terms of innovation.Xavier BarbaroChairman and CEO, Neoen
Hornsdale Power Reserve a big battery game changer
Read moreWe are extremely proud of this expansion and the innovations it brings. It illustrates Neoen’s ability to build on an existing asset and make it smarter while providing its counterparts with savings and new services. This new investment also demonstrates Neoen’s capacity to act as a long-term partner for South Australia Government, towards a common goal: delivering sustainable, reliable and competitive energy.Xavier BarbaroChairman and CEO, Neoen