On the back of the federal government’s $2.3 billion home battery subsidy, a new CSIRO designed and Energy Renaissance-built residential battery has been launched at a New South Wales-based gigafactory.
More than 7,800 home batteries have been installed since 1 November 2024 under a New South Wales peak demand reduction scheme rebate, which includes an incentive to connect solar battery systems to virtual power plants.
The Albanese government has pledged a $2.3 billion residential virtual power plant-ready battery uncapped subsidy scheme if re-elected, that could stimulate an anticipated million battery installations by 2030.
The Australian senate inquiry into residential electrification final report gives bipartisan support to leverage rooftop solar and recommends federal, state and territory governments promote the uptake of consumer energy resources.
Battery subsidies are absent from the 2025-26 Federal Budget, but industry organisations are committed to pushing government forward to support the rollout of household batteries backed by local manufacturing.
Energy retailers are called upon to educate housholds about the benefits of behind-the-meter energy solutions after the Federal Budget’s short-term energy bill relief falls short of savings already delivered to households through rooftop solar, electric vehicles (EVs), and automated orchestration.
Australian think tank Climate Energy Finance (CEF) says global energy markets are being reshaped by solar’s disruption, which is happening at speed, turbocharged by battery energy storage system firming.
The City of Sydney Basketball Association has a new donor-enabled 39.78 kW solar and 25.6 kWh battery system, funded via an interest-free loan from the national climate action charity CORENA.
IKEA Australia has partnered with Smart Commercial Solar to install a $2.9 million, 2,034 kW rooftop solar and battery energy storage system on a western Sydney distribution centre.
The Clean Energy Regulator’s quarterly carbon market report finds rooftop solar capacity in 2024 is likely to have been about 3.2 GW and could set an Australian record.
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