AGL Energy says its first battery storage offering for consumers will be available in Queensland next month, but it won’t be the Tesla Powerwall, which it judges to be too small for the Australian market. Instead, it is now installing a 7.2kWh product.
Category: Smart Energy
Australian manufacturer of solar power and hot water-generating roof tiles has attracted $765,000 in oversubscribed capital raising, ahead of ASX listing.
Tell ‘em they’re dreaming! That’s what Darryl from the film The Castle would say when knocking back a “great deal”. But what would he make of the new battery storage offerings?
AGL’s new boss is due to unveil a strategic update in the Hunter Valley next week. Staff have been crunching numbers on splitting off fossil generators. At the very least writedowns are expected, along with a clearer vision for solar and storage.
Lux Research predicts that costs for “best-in-class” players’ lithium-ion (Li-ion) battery packs will fall to US$172/kWh by 2025, not so for stationary storage.
Morgan Stanley says battery storage market could be worth $24bn, with half of all homes interested. It says Tesla Powerwall will deliver paybacks of 6 years or less in some states, and that is bad news for major utilities, whose earnings will be impacted. (Does not require subscription).
The ravages of climate change could severely hurt the ability of utilities in the 11 Western states to generate power unless they “climate proof” their power grid.
Tasmania looks to fast-track uptake of electric vehicles to boost its credentials as a green manufacturing hub; replacing old industries and exporting clean energy back to the mainland. It could end up totally renewable – in both electricity and transport – if the government seizes the initiative.
UBS analysts say households will be able to get a 6-year payback on the Tesla battery storage product.