India is expected to drive the majority of growth in the Asia Pacific region (excluding China), however, other markets are expected to increase more than three-fold by the end of 2024. The forecast comes from consulting megalith, MAKE, which released its regional report for the Asia Pacific (excluding China, ie, APeC) predicting … [continued]
Originally published on RenewEconomy by Sophie Vorrath The fact that global energy markets are changing shape – and fast – is fairly well accepted these days, even by Australia’s big incumbent gentailers. But suggestions that the arrival of affordable battery storage, on top of affordable renewables, could trigger a utility … [continued]
Originally published on RenewEconomy The release of the Tesla battery storage concept at the end of April has certainly changed the discourse around battery storage, and caused some to rethink their energy business models. And it appears it is already having an impact on prices in the nascent Australian battery … [continued]
The top seven industrialized countries (Group of Seven, or G7)—whose carbon dioxide emissions total 25% of the world’s output—decided at a meeting in Germany today to phase out their use of fossil fuels by the end of this century. It’s a breakthrough move on climate change and a strong signal … [continued]
Originally published on RenewEconomy. Experts say new housing estates may be built that do not connect to the grid, offering instead free electricity, and even free EVs to residents. Meanwhile, numerous towns are looking how to buy back their grid. Imagine this: Newly built housing estates that are not even … [continued]
Originally published on RenewEconomy Australia has all the ingredients to be the world’s leading market on battery storage: Lots of solar, high prices, and a consumer base that is independent, cost conscious and distrustful of incumbents. There is no doubt that Australia is going to be at the leading edge … [continued]
Panasonic will start to sell energy storage solutions to Australian power companies like Red Energy and ActewAGL this October, according to recent reports. Like Tesla’s energy storage products, built around Panasonic cells, they are lithium-ion batteries. Panasonic energy storage solutions will be available in New Zealand as well. “Power companies in Australia are … [continued]
Originally published on RenewEconomy. This is one carbon budget that Australia has already blown. Economist and climate change advisor Professor Ross Garnaut has delivered a withering critique of Australia’s economic policies and investment patterns, saying the cost of misguided over-investment in the recent mining boom would likely outweigh the cost … [continued]
Originally published on RenewEconomy The rapid roll-out of battery storage products into the Australian electricity market continues apace, with Japanese electronics giant Panasonic to announce its move into Australia next week. Panasonic is scheduled to announce its Australian plans with “some of” Australia’s leading energy Australian retailers on Tuesday in … [continued]
By Darryn Van Hout Let’s be honest, the cost of electricity has made a huge contribution to the high cost of living and the difficulties Australian families experience in balancing their family budgets. According to a survey carried out by Ernst & Young in October 2014, a third of all Australians missed … [continued]
