Australian energy storage exports

How does Australia export energy?

Shipping is the main transport mode used to export Australia’s energy resources, including coal (six ports), petroleum liquids (nine ports and one floating facility), LNG (five ports and one floating facility), and uranium (two ports). Australia’s first hydrogen shipment was exported from Victoria’s Port Hastings in January 2022.

Is Australia a net exporter of energy?

Trade of Australia’s energy resources Australia is a net exporter of energy—in 2018–19 energy commodity exports exceeded imports by almost eight times (Figure 4, Figure 5, Figure 6, Table 3, Table 4).

What happened to Australia's energy export earnings in 2019–20?

During 2019–20, Australia’s energy commodity export earnings dropped by 12.9 per cent, to AUD$115.5 billion, from a historic high of AUD$133 billion in 2018–19 (Figure 7, Table 5 ), and there was also a 6.9 per cent decline in imports of energy commodities to 2,244 PJ.

What are Australia's energy imports?

Australia’s energy imports fell by 7 per cent in 2019–20 to 2,244 petajoules, with declines in most categories of fuel imports (Table 4.2). Refined products and crude oil are by far Australia’s largest energy imports (Figure 4.4), with the majority of consumption of these commodities met by imports.

What are Australia's energy storage options?

The then most cost-effective storage options anticipated in 2030 were pumped hydro energy storage (PHES), lithium-ion batteries and zinc bromine batteries. Australia’s abundance of raw materials for batteries and our high level of relevant R&D make energy storage a significant opportunity for industry growth and job creation.

Are energy storage projects progressing in Australia?

Since the release of the report three years ago, there has been a range of energy storage projects progressed in Australia. For example, in 2017, a large-scale energy storage facility in South Australia was constructed using Tesla’s lithium-ion battery system, with excellent results.