70,000 Australian homes to install energy storage by 2019: report

Government subsidies, loans, and demand response schemes are helping spur growth.

Residential energy storage systems could dominate Australia’s near future as around 70,000 households are expected to install batteries this year, BloombergNEF revealed.

According to a brief, the country is expected to be the largest and most attractive residential energy storage market and take up 30% of global demand by 2019.

Government efforts are one of the factors that could drive this growth — as seen by $105.71m (A$147m) in subsidies, as well as low-interest loans and demand response schemes.

“If the federal opposition wins the election this year, a further A$200m will subsidize another 100,000 household batteries from 2020,” said BloombergNEF.

South Australia has already attracted Sonnen GmbH, AlphaESS and Eguana Technologies to set up local assembly facilities.

“Whilst the path could be bumpy, BNEF expects Australia to continue to be an attractive market for residential storage after policy support ends – thanks to its high penetration of household solar (already one in five) and high electricity costs,” BNEF added.

Also Read

UNEZA aims to increase RE capacity by 2.5 times by 2030

ASEAN could save $800b in decarbonisation costs with regional cooperation

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit