Powerful Potential: Battery Storage for Renewable Energy and Electric Cars

20.10.15 By and

2018 UPDATE: see our latest report on storage here.


Our new report has revealed that Australia could become the number one market for home battery storage – allowing households to store energy they capture from rooftop solar panels and keeping electricity costs down.

As two of the world’s biggest home battery manufacturers announce Australia will be their first market, Powerful Potential: Battery Storage for Renewable Energy and Electric Cars found battery storage costs for households will continue to fall dramatically.

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Key Findings

1. Battery storage is expected to grow very quickly and will promote increased uptake of renewable energy and electric cars.

2. Australia is expected to be one of the largest markets for battery storage due to the high cost of electricity, the large number of households with solar panels and Australia’s excellent solar resources.

3. Battery storage can reduce electricity costs for households in several ways.

4. Battery storage technology has the potential to reduce the two biggest contributors to the cost of electricity bills in Australia – network and wholesale energy costs.

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