The energy storage revolution has arrived with a bang. The recent announcement by the South Australian government that it will partner with Elon Musk’s Tesla to build the world’s biggest lithium-ion battery was a lightning bolt moment with profound implications for regional communities. The 100MW battery will provide stability for a wind farm, and emergency backup power. It will also provide badly needed jobs for regional towns in construction, operation and maintenance, as well as tourism from those flocking to see this technological wonder.
This project marks just the beginning. Both Victoria and Queensland are planning similar large-scale battery projects, and storage is also being rolled out in homes, businesses and regional communities across the country.
Australia has the highest rate of household solar use in the world, so it makes sense that families would look to batteries to store excess electricity (created during the day) to be used when they need it most (when returning home from work or school).
Around 20,000 families have solar batteries now, but as prices keep plummeting it’s not unreasonable to expect 500,000 Australians will have them by 2020.
Many companies offer mouth-watering financial packages that combine solar and storage. German battery storage company Sonnen is offering Aussies free electricity – paying customers’ power bills in return for accessing the battery storage capacity to provide grid balancing services for network operators.
Storage has arrived and it will give you control of your energy use, and slash your power bills. With power prices set to rise by up to 20 per cent, now is the time to shop around and see how solar and storage can work for you.