Abstract
This paper provides a critical study of current Australian and leading international policies aimed at supporting electrical energy storage for stationary power applications with a focus on battery and hydrogen storage technologies. It demonstrates that global leaders such as Germany and the U.S. are actively taking steps to support energy storage technologies through policy and regulatory change. This is principally to integrate increasing amounts of intermittent renewable energy (wind and solar) that will be required to meet high renewable energy targets. The relevance of this to the Australian energy market is that whilst it is unique, it does have aspects in common with the energy markets of these global leaders. This includes regions of high concentrations of intermittent renewable energy (Texas and California) and high penetration rates of residential solar photovoltaics (PV) (Germany). Therefore, Australian policy makers have a good opportunity to observe what is working in an international context to support energy storage. These learnings can then be used to help shape future policy directions and guide Australia along the path to a sustainable energy future.
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