Panasonic targets Australia as first global market for battery storage, in deal with 3 utilities to trial 8kWh system. It says storage will double self consumption of solar households, but it intends to sell product through networks and retailers, challenging their business models.
AGL sees no mass market for battery storage before 2020, and is not sure Tesla product is suitable for Australia. It concedes it is behind in rooftop solar, but argues this is just one of basket of new technologies that will change consumer energy use. And it doesn’t fear for its coal assets.
Panasonic to roll out battery storage for solar in Australia
SA network operator dares to go where Qld and WA governments feared to tread – higher network charges for solar households. The network justifies this by changing demand profiles, but will also look to shift hot water and pool pump use to daytime to make up for lost demand caused by PV production.
Canadian Solar, one of the big three solar manufacturers, says solar PV costs to fall 25% in three years as module efficiencies improve.
Tell ‘em they’re dreaming! That’s what Darryl from the film The Castle would say when knocking back a “great deal”. But what would he make of the new battery storage offerings?
How quickly will households adopt battery storage, and will they be able to use Tesla to get off the grid?
Five graphs that show why battery storage will appeal to Australian households, and will damage the bottom line of Australian utilities.
Morgan Stanley says battery storage market could be worth $24bn, with half of all homes interested. It says Tesla Powerwall will deliver paybacks of 6 years or less in some states, and that is bad news for major utilities, whose earnings will be impacted.
The tax break offered by the Abbott government to “Tony’s Tradies” could see big lift in rooftops solar installations. This comes as Bloomberg New Energy Finance says it will lift its forecast PV installations in Australia. It imagines every available building to have solar by 2030.