The Australian government has made public about its intention to speed up the utilization of battery storage in Australian homes, chiefly as a way of limiting highest peaks in demand and reducing costs for consumers, but also to reducing carbon emissions.
Environment minister Greg Hunt expecting the Clean Energy Finance Corporation (CEFC) and the Australian Renewable Energy Agency (ARENA) – to announce the extensive utilization of battery storage.
“Australia has the highest rate of household solar in the world,” Mr. Hunt said. “This makes Australia an ideal place to develop storage and battery technology.”
Indeed, the battery storage market in Australia is widely tipped to take off in the next year.
Coming next week, Enphase will initiate its ‘plug and play’ battery storage system into Australia. Enphase is targeting Australia because of the special manner of its markets – increased power prices driven by soaring electricity costs, specifically to reach “peak” demand, the world’s biggest integration of rooftop solar, and lots of sunlight.
Additionally, there have recently been some amendments of tariffs in New South Wales, Victoria and South Australia, which will indicate that about 230,000 houses used to receiving premium tariffs will get little or no payments for exports to the grid. Those who generate electricity more than they consume will then have a remuneration to store it in a box for use in the evening.
Hunt indicted that he realised this and he is willing to increase this roll out, and to upgrade and increase the utilization of local battery storage system.
“Australia has a large market for storage, with a high number of residential solar users that could benefit from storage technologies,” he said.
“Storage is also good for grids and networks – it can smooth out energy supply, reduce peak loads, mitigate the need for network upgrades and allow utilities to better manage power supply and demand.”
“Storage allows for wider and deeper uptake as well as greater grid stability. Greater uptake means reduced emissions.
“All stakeholders recognise the importance of flattening peak demand. Network operators recognise that this is part of their responsibility of reducing the costs to rate-payers.”
The CEFC says it is also in support of battery storage via its strategy of providing low cost finance through banking groups CBA and NAB, together with Origin Energy. It is also funding the Degrussa solar plus storage project.
“Australian cities can benefit from a broad range of clean energy technologies, such as LED street lighting, solar PV and battery storage, smarter energy management, waste-to-energy plants and cleaner cars,” CEFC CEO Oliver Yates said.
“The CEFC’s investment in these areas is helping generate cleaner power, accelerate the take up of energy-efficient technologies and cut energy costs for businesses, local governments and households.”