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.

Does Australia export uranium?

Australia’s energy exports, excluding uranium, accounted for approximately 81% of its total energy production in 2020.1 In 2020, Australia was the world’s largest coal exporter based on energy content and the second-largest exporter based on weight, behind Indonesia. It was also the largest exporter of LNG in the world that year.

How can renewable storage technology transform Australia?

Renewable storage technologies have the potential to revolutionise clean and reliable energy access in remote communities, support cost-effective decarbonisation in industry and transform Australia into a green hydrogen export superpower.

What will Australia's energy exports look like in 2022-23?

Australia’s resources and energy exports are forecast to reach a record $450 billion in 2022-23, surpassing last year’s record of $422 billion. Declining exports of iron ore by value will be offset by rising exports of LNG and metals and minerals used in clean energy technologies, as global economies decarbonise (Chart).

Which energy storage technology is best for Australia's energy needs?

The CEC said emerging LDES technologies coupled with the energy storage systems in place, would be the best suite to appropriately manage Australia’s needs. In March this year, the ARENA held an Insights Forum which covered energy storage and technologies that can bring system security to the grid.

How can long-duration energy storage benefit Australia?

Seasonal balancing during low-supply periods. By embedding long-duration energy storage into the heart of the grid, Australia can move from variable renewable supply to 24/7 renewable energy on which communities and industries can rely across days, weeks, and seasons. Long-duration energy storage brings clean power closer to the end user.