Australia Grid Energy Storage Market Size, Share, Trends and Forecast by Battery Chemistry, Ownership, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A35924

Australia Grid Energy Storage Market Overview:

The Australia grid energy storage market size reached USD 366.80 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 3,941.14 Million by 2033, exhibiting a growth rate (CAGR) of 26.80% during 2025-2033. The demand for renewable energy integration, government incentives, and the growth in storage technologies drive the market. The decarbonization efforts of the country and the grid resilience also support a cleaner energy system. This has contributed positively to the Australia grid energy storage market share.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 366.80 Million
Market Forecast in 2033	USD 3,941.14 Million
Market Growth Rate 2025-2033	26.80%

Australia Grid Energy Storage Market Trends:

Growing Adoption of Large-Scale Storage Systems

The market demand for large-scale battery energy storage systems (BESS) is increasing in Australia as the nation keeps incorporating renewable energy into its grid. The systems stabilize the grid by holding surplus power produced from solar and wind power during high-demand periods. With the support of incentives from the government and the private sector, utilities are investing in utility-scale BESS projects. For instance, in May 2025, ACE Power submitted plans to develop a large-scale battery energy storage system (BESS) in New South Wales under Australia's EPBC Act. The Eastern Hub Firming Battery will be a 1,000 MW system, with a duration of 4 to 8 hours, totaling up to 8,000 MWh. These facilities also facilitate the shift towards non-coal generation of electricity and clean energy solutions to lower Australia's reliance on fossil fuels and build grid resilience. The Australia grid energy storage market growth, therefore, is anticipated to be strong, backed by a trend towards more efficient and sustainable energy storage technologies.

Australia Grid Energy Storage Market Size

Energy Storage for Renewable Integration and Grid Stability

Australia's focus on integrating higher levels of renewable energy into its grid has been a significant factor in driving the growth of energy storage. As the country shifts towards renewable sources like solar and wind, energy storage systems provide a necessary solution to manage intermittency and balance supply and demand. For instance, in May 2025, the Australian Energy Market Operator (AEMO) introduced new rules to simplify the connection process for solar PV, wind, and battery energy storage systems (BESS) to the National Electricity Market (NEM). These changes aim to streamline grid integration, reducing costs and time for renewable and storage projects. With increasing renewable energy generation, energy storage becomes essential to store excess energy during periods of high generation and dispatch it during low generation or high demand periods. This capability is crucial for maintaining grid stability and reducing reliance on fossil fuels. Thus, the development of grid-scale storage solutions is expected to be a key driver in the Australia grid energy storage market growth, contributing to more sustainable energy systems.

Australia Grid Energy Storage Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country/regional levels for 2025-2033. Our report has categorized the market based on battery chemistry, ownership, and application.

Battery Chemistry Insights:

Lead-Acid
Sodium-Based
Redox Flow
Lithium-ion
Others

The report has provided a detailed breakup and analysis of the market based on the battery chemistry. This includes lead-acid, sodium-based, redox flow, lithium-ion, and others.

Ownership Insights:

Third-party Owned
Utility Owned

A detailed breakup and analysis of the market based on the ownership have also been provided in the report. This includes third-party owned and utility owned.

Application Insights:

Renewables
Peak Shifting
Ancillary Services
Backup Power
Others

The report has provided a detailed breakup and analysis of the market based on the application. This includes renewables, peak shifting, ancillary services, backup power, and others.

Regional Insights:

Australia Capital Territory & New South Wales
Victoria & Tasmania
Queensland
Northern Territory & Southern Australia
Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Grid Energy Storage Market News:

In May 2025, Elements Green, a UK-based renewable energy developer, received grid connection approval for a 1.3GWh solar-plus-storage facility in Queensland, Australia. The Eurimbula Hybrid Facility, located in the Central Queensland renewable energy zone, is set to enhance energy integration and contribute to Australia's clean energy goals.
In May 2025, BYD Australia and Livium, through its subsidiary Envirostream Australia, expanded their existing battery recycling deal to include Battery Energy Storage Systems (BESS). This new three-year agreement aims to enhance the recycling of BESS, contributing to a more sustainable energy storage ecosystem in Australia.
In April 2025, Wärtsilä announced that it will supply a 64 MW / 128 MWh energy storage system for Octopus Australia’s Fulham Solar Battery Hybrid project, one of Australia’s first large-scale DC-coupled hybrid systems. The system will enhance renewable energy efficiency, integrating a solar farm with advanced energy storage, contributing to Victoria's net zero emissions goal by 2045.
In December 2024, Fluence Energy, in partnership with Eku Energy, Shell Energy, and Perfection Private, officially opened the 200 MW / 400 MWh Rangebank Battery Energy Storage System (BESS) in Cranbourne, Melbourne, Australia. The system, Victoria's second-largest BESS, is designed to support grid stability and can power 80,000 homes for one hour during peak demand. It uses Fluence's Gridstack™ technology and will be operated under a tolling agreement with Shell Energy, which has access to the system’s full capacity for the next 20 years.

Australia Grid Energy Storage Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Battery Chemistry Ownership Application Region
Battery Chemistries Covered	Lead-Acid, Sodium-Based, Redox Flow, Lithium-ion, Others
Ownerships Covered	Third-party Owned, Utility Owned
Applications Covered	Renewables, Peak Shifting, Ancillary Services, Backup Power, Others
Regions Covered	Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Australia grid energy storage market performed so far and how will it perform in the coming years?
What is the breakup of the Australia grid energy storage market on the basis of battery chemistry?
What is the breakup of the Australia grid energy storage market on the basis of ownership?
What is the breakup of the Australia grid energy storage market on the basis of application?
What is the breakup of the Australia grid energy storage market on the basis of region?
What are the various stages in the value chain of the Australia grid energy storage market?
What are the key driving factors and challenges in the Australia grid energy storage market?
What is the structure of the Australia grid energy storage market and who are the key players?
What is the degree of competition in the Australia grid energy storage market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia grid energy storage market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia grid energy storage market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia grid energy storage industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Purchase Options Discount
Offer

Inquire Before Buying

Speak to an Analyst

Request Brochure

Request Customization

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.

Australia Grid Energy Storage Market