The South Australian government has released an update on the energy storage uptake under the nation’s biggest home battery rebate scheme. With a total of 101 batteries already installed and more than 500 households now in line for installation, a further influx of applications is expected as public awareness builds.
Japanese industrial giant Sumitomo Corporation has fully acquired Infinite Energy, Western Australia’s solar installer and electricity retailer, thus expanding on its local coal-focused portfolio.
Over 70,000 Australian households will install battery storage in 2019, according to the Bloomberg New Energy Finance (BNEF). With the nation’s storage demand set to triple, Australia is forecast to make up 30% of global demand this year.
As part of a scientific research focusing on agriculture on exhausted mining areas, a seed cleaning shed on Christmas Island is being powered by solar+storage. The switch from polluting diesel has not only brought a low maintenance, silent and environmentally friendly solution to this remote location, but also lowered operational costs nearly fivefold.
Another big battery has gone live in South Australia with the goal to contribute to energy security and reliability as a heatwave puts grid under pressure. The $30 million energy storage system is developed and owned by ElectraNet, as the first battery in the NEM to provide regulated network services and competitive market services.
Major reports from Australia’s chief energy institutions point to the importance of wind and solar not just because of their climate credentials, but also the economic benefits they bring. A report from the energy market operator and the CSIRO finds based on analysis of LCOE that renewables are the cheapest new-built power. A separate report from the Australian Energy Market Commission shows that wind and solar will give a typical household a saving of $55 a year in next two years.
The New South Wales government has launched its ambitious pumped hydro roadmap designed to back the rising level of wind and solar in the energy mix. Meanwhile, the board of government-owned energy provider Snowy Hydro has given the green light to its landmark $4 billion pumped hydro expansion project, Snowy 2.0.
The federal government has launched a strategy seeking investment to unlock Australia’s potential in lithium-ion battery manufacturing. Noting that the nation’s mineral reserves cover 90% of the elements required in li-ion battery chemistry, the new Austrade report underlines that Australia is well-positioned to become a world leader in this fast growing market.
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