Half of Australia Projected to Run on Solar Power
Already a pioneer in solar efforts, Australia represents a huge market in solar batteries and households. According to a One Step Off the Grid article, solar is projected to be installed in half of all Australian households in the near future. Here's an excerpt:
The amount of battery storage capacity installed in Australia will grow 50-fold over the next 10 years, a new report has predicted, and the rapidly falling costs of the technology will make electric cars competitive with conventional cars within the next 20 years.
The report, published on Tuesday by the Climate Council, predicts that half of all households in Australia will soon have solar with battery storage, with the market potentially growing to $24 billion. Globally, the market for solar PV panels and battery storage is expected to grow tenfold in less than five years.
Currently, according to AEMO, there are about 500 residential battery storage and solar power systems installed across Australia, while large-scale battery storage capacity is around 0.5 GW.
But like international energy storage market leaders Enphase (US) and SolarEdge (Israel), the Climate Council report – Powerful Potential: Battery Storage for Renewable Energy and Electric Cars – predicts Australia will be a key market for battery adoption, thanks to a combination of high-cost electricity, high solar uptake and solar feed-in tariffs that make self-consumption a priority.
And it’s just the latest report to do so. Another, published in September by energy research group Energeia, predicted demand for battery storage would be booming by 2025, when Australian households and businesses would be installing battery systems at a rate of 55,000 a year.
Even federal environment minister Greg Hunt, whose Coalition government recently announced it wanted to accelerate the rollout of energy storage technology in Australia, said this month that batteries were “clearly the future,” for Australian households, and would inevitably help take large numbers of them off grid.