Top 10 Energy Storage Developers in Oceania

In this article, PF Nexus recognises the contributions being made to the energy transition by the top 10 energy storage developers in Oceania.

Oceania's renewable energy landscape is rapidly evolving, with many countries setting ambitious goals to reduce their dependence on fossil fuels. Australia and New Zealand are leading the region's renewable energy transformation, with Australia aiming to reach 2.2 GW of installed renewable capacity by 2025, focusing primarily on wind and solar photovoltaic technologies. New Zealand has also made significant strides, with a high percentage of its electricity coming from renewable sources.

A notable increase in renewable electricity generation has developed in other Pacific islands. Fiji, for instance, increased its renewable electricity generation from 59% in 2013 to 65% in 2016, with plans to reach 81% by 2020 through a mix of hydropower, biomass, solar, and wind. Other nations have also made significant progress, increasing their renewable electricity generation over recent years. The most commonly utilized renewable energy technologies across Oceania include solar photovoltaic systems, wind power, and hydroelectricity. Australia has been the most active in renewable energy transformation, with its ambitious targets and investments in large-scale wind and solar projects.

Energy storage technologies are critical for enabling renewable energy to contribute a larger proportion of a grid’s overall generation capacity. Battery Energy Storage Systems (BESS) are highly versatile, with applications ranging from short-to-medium-term utility-scale grid support to behind-the-meter commercial and industrial installations. Additionally, other technologies such as thermal storage and flow batteries are emerging as viable options for longer-duration storage.

As renewable energy and energy storage technologies continue to advance, the synergies between the two will only grow stronger. Developers of energy storage projects will play an increasingly important role in building a more resilient, flexible, and sustainable electricity system powered by renewable energy.

Renewable energy developers drive the global transition to clean power by identifying, developing, and managing renewable energy projects. Key to their success is the ability to navigate the complex process of bringing a project from concept to reality.

The capacity of renewable energy in the world’s electricity generation mix continues to grow exponentially due to the collective expertise of private developers, demonstrating the immense potential of renewable energy to power a sustainable future. As the demand for clean energy also continues to grow, the work of these developers will become increasingly essential in accelerating the deployment of wind, solar, hydroelectric, geothermal, and all other renewable technologies.

Finding energy storage projects can be difficult. There is fierce competition to establish investment relationships with developers, so for investors, identifying promising new market entrants early and securing relationships with them, is key.

Using a renewable energy asset marketplace like PF Nexus provides a more efficient and transparent way of identifying and securing collaborations between energy storage developers and investors. PF Nexus is used by over 6,300 professionals from >3,000 developers, investors, and lenders, constantly on the lookout for 'the right' renewable energy investment opportunities for them.

How does it work? Simply register your account and access the platform’s live projects marketplace to search for opportunities which fit your requirements. PF Nexus allows you to filter opportunities and set up automatic alerts, so you never miss a deal. This streamlines the process, eliminating manual outreach and ensuring you are connected with the most promising deal flow.

To gain a competitive advantage for your renewable energy portfolio, get started with PF Nexus right now (takes 3 minutes).