This report is derived from the Energy Storage project which was commissioned in July 2016 and is a partnership between the Australian Council of Learned Academies (ACOLA) and Australia's Chief Scientist, Alan Finkel. The report was developed through two phases: a comprehensive review and outline of the Australian context for energy storage followed by four discrete work programs that specifically investigated the key aspects of identified markets.

The report begins by modelling the energy storage requirements for Australia, considering generation supply mix, total consumption, hourly wind and solar profiles, and assumed consumer storage levels. Following are chapters on the opportunities for Australia in global and local energy supply chains, and the environmental benefits and risks from energy storage uptake. Lastly, the report details social drivers and barriers to the uptake of energy storage.

Note that results are not based on power system models, and do not simulate consumer or generator behaviour. Further limitations are cited in Chapter 1.3 of the report.