Solar Storage in the Australian Market
Australia is considered one of the best markets for solar in the world, with the Clean Energy Council (CEC, 2015) reporting that over 1.42 million small-scale solar power systems had been installed by the end of 2015. These small-scale solar installations were responsible for generating about 2.1% of the country’s electricity that same year. As solar becomes more popular, technologies including solar storage systems are emerging to the Australian public as a way to become more energy independent.
Solar storage systems work by capturing excess energy that may be generated from solar PV systems, and instead of feeding this back to the grid, it is stored. This energy can then be used later during periods of bad weather, or during times of high usage to further reduce energy bills. Solar storage systems, or batteries, allow the consumer to become a prosumer by giving them control over the energy they create.
Coupled with the hot sun that dominates the Australian environment, the country is also faced with some of the highest electricity prices in the world (ABC, 2014) due to a variety of factors including infrastructure investment. This combination positions solar storage, with benefits including maximised energy savings, and the ability to avoid using the grid at peak times, as a realistic alternative for many home owners, and many energy companies, such as Tesla Energy are embracing this opportunity.
Tesla Energy, one of the most anticipated brands in solar storage options this year have recently released their Powerwall, a lithium- ion battery offering both residential and commercial opportunities to store energy. However they are not alone in the market, with other well-known names LG and Samsung amongst others that already have technologies available to invest in. With the Climate Council’s prediction (CC, 2015) that battery storage capacity will double in the next ten years, and with so many options becoming available, the benefits of solar storage systems are making what was once a pipeline dream, a reality.