In 2023, Victoria offered interest-free loans of up to AUD 8,800 for residential energy storage, South Australia provided a subsidy of AUD 500 per kWh (up to AUD 6,000) for residential storage, and the Australian Capital Territory offered subsidies of up to AUD 3,500 or. . In 2023, Victoria offered interest-free loans of up to AUD 8,800 for residential energy storage, South Australia provided a subsidy of AUD 500 per kWh (up to AUD 6,000) for residential storage, and the Australian Capital Territory offered subsidies of up to AUD 3,500 or. . The Australian Battery Energy Storage Systems (BESS) market has attracted significant investment interest due to its crucial role in supporting renewables penetration and ensuring stability for grid expansion. The increase in energy consumption, driven by rapid electrification, data consumption and. . This report is a comprehensive analysis of the Australian energy storage market, covering residential, commercial, large-scale, on-grid, off-grid and micro-grid energy storage. Excluding pumped hydro, these represent over 4 GWh of storage. 9 gigawatts (GW) of capacity have been completed, planned or are in the pipeline. 72 GW in 2025 and is projected to reach 19. The Australia energy storage market is witnessing strong growth, driven by the accelerating adoption of renewable energy. . The Australia energy storage systems market size is projected to grow at a CAGR of 9. 6 billion Australian dollars (68.
