Energy Storage: smart energy

In case you missed it, the Smart Energy Council recently released its full review of Australia’s storage market which revealed that as many as 450,000 energy storage systems could be installed by 2020. Under this high growth scenario, the combination of residential and commercial energy storage would deliver 3 GWh of distributed storage. Benefits are widespread, with as many as 35,000 Australians likely to be working in the energy storage industry by 2020. 

In other findings, up to the end of 2016 Australia boasted about 32,500 on-grid and off-grid energy storage systems, and a further 20,000 were added in 2017.

The Smart Energy Council’s comprehensive analysis of the Australian Energy Storage Market covered residential, commercial, large-scale, on-grid, off-grid and micro-grid energy storage, and projections for uptake from 2017 to 2020.

The report also identifies 55 existing, planned or proposed large-scale energy storage projects in Australia, that (excluding pumped hydro) represent over 4 GWh of storage.

In addition 120 large-scale solar projects totaling 9 GW of capacity have been completed, planned or are in the pipeline.  Of those, 19 have been completed and another 36 have reached financial close. Most of those projects have the capacity to add storage and represent an opportunity additional to the 4 GWh identified above.

A range of factors influence high or low growth energy storage uptake, including electricity prices and energy storage systems prices, along with Federal, State and Territory government policies and industry standards and perceptions of quality and safety.

The availability of trained installers and public perceptions of safety and quality also play a role.

Currently State Governments are driving energy storage policy through subsidies for batteries, and the phase out of high feed-in tariffs for solar PV is also providing an incentive for behind-the-meter batteries.

An unknown quantity it the lack of a reliability guarantee and an emissions guarantee that fell by the wayside with the proposed National Energy Guarantee.

The Smart Energy Council believes, however, an opportunity exists for governments and industry to work together to build a strong, safe and sustainable storage industry to increase consumer awareness of the benefits of storage and smart energy and to reform the energy market to provide access to value that storage can deliver.

In addition there are opportunities to support national training and skills development and develop evidence-based standards for energy storage systems installation and performance.

The full report can be found at www.smartenergycouncil.org.au

Report findings were based on a survey by the Smart Energy Council, interviews with key energy storage market participants, data from the Clean Energy Regulator and the Smart Energy Council’s Battery Finder project.

Upcoming Events

2 Apr
International Convention Centre Sydney, NSW