Five graphs that show why battery storage will appeal to Australian households, and will damage the bottom line of Australian utilities.
Morgan Stanley sees 2.4m Australia homes with battery storage
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.
Budget 2015: Coalition opens solar market to “Tony’s Tradies”
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.
Defence Housing to create solar suburb in Darwin, ready for EVs
New development to create 337kW solar suburb, producing 600,000kWh of electricity a year and saving Defence members more than $4.1m in electricity costs.
Tech guru Simon Hackett installs storage to take office complex off-grid
Australian battery technology developer Redflow says it has made the first Australian sale of its commercial large scale energy storage system, albeit to its own company director Simon Hackett, the tech guru who will install it in a renovated office complex in Adelaide as part of longer term plans to take the office off-grid. Redflow […]
Why battery system costs may fall 3x faster than solar PV
Everyone, it seems, agrees that battery storage is the next big thing to affect global energy markets. What is not agreed upon is the timing. Some think this may happen in a few years, others in a decade or more. Some think it is happening now. The big question for many is how quickly battery […]
Communities take lead on renewable energy as big projects stall
The market for large-scale renewable energy projects may well be at a standstill in Australia, but at the community level, things are happening quickly. Dozens of projects have emerged as state governments tap into local ideas, offering grants for innovative projects that allow solar and other renewables to be developed at a local level, for […]
NSW allocates funds for community renewable energy projects
Six community energy projects in northern NSW have been awarded grants by the NSW government – including a range of solar, bio-gas and mini-hydro projects, and including one to take a whole village of 300 people off grid with renewables. They are among 19 groups to share some $846,000 in the latest round of funding […]
Byron shire aims to lead Australia on zero emissions community plan
Byron Shire – in the northern rivers region of New South Wales – is aiming to become the first region in Australia to become “net zero emissions”, with a goal to reduce emissions from energy, transport, buildings, waste and land use to zero within 10 years. The push by Byron mayor Simon Richardson means that […]
Lend Lease to pioneer large scale battery storage for new Perth suburb
Development groups Lend Lease and LandCorp are to pioneer a major community-level battery storage pilot that could change the way that residential communities source energy, including not being connected to the grid. The pilot project at Alkimos Beach, a sustainable community develop in the northern suburbs of Perth, will include 1.1MWh of lithium ion battery […]
