Energy storage gains momentum in Australia
Canberra is ahead of the game when it comes to the biggest challenge for new energies
Energy storage is widely acknowledged as critical to the effective deployment of intermittent renewable energy, especially solar power. In Australia, the government of the ACT (Australian Capital Territory—the country's federal district) is undertaking the second-largest roll-out of household batteries in the world (after Germany), through a programme specifically aimed at boosting energy storage capacity. It is an innovative programme, in which the government has adopted a funding model that goes a step beyond simply implementing feed-in-tariffs (FIT) to support renewables. "The contract-for-difference FIT model used by the ACT to support the deployment of large-scale renewables doesn't inc
Also in this section
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
19 February 2026
Growth in LNG supply will surpass the rise in demand in 2026 for the first time in years, according to Mike Fulwood, senior research fellow at the OIES, but lower prices are likely to encourage fuel switching and could create more demand on a permanent basis
19 February 2026
Awais Ali Butt, manager for sales and business development at Pakistan LNG Ltd, discusses LNG’s role in energy security across developing, price-sensitive economies, as well as examining trade-offs between buying strategies and the impact of lower prices and policy on import behaviour
19 February 2026
LNG’s technical maturity, availability and price, as well as regulation, have driven its rapid adoption as a marine fuel, yet its future in shipping will depend on transition policies and progress in cutting methane emissions and scaling bio- and synthetic LNG, according to Carlos Guerrero at Bureau Veritas
