Over the past decade, Australia’s electricity market has experienced change on an unprecedented scale. In a decentralised, yet integrated 21st century energy future, electricity networks must enable new opportunities for managing the complexity of multiple pathways for flows of electricity and payments. Energy storage has the potential to upend the industry structures, both physical and economic, that have defined power markets for the last century.
There is a legitimate role for governments to ensure that the right policy settings are enacted to drive growth in energy storage. Policy leadership will result in innovation, investment, the establishment of new high technology industries, the growth of existing high technology industries and increased or new energy exports. A proactive approach will provide the opportunity for Australia to lead and facilitate re-skilling of workforces and the creation of jobs across all levels of the value chain from mining and manufacturing through to consumer spending.
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Australian Council of Learned Academies (ACOLA) 2017