How Will Battery Storage Grow in the Future?

How will battery storage grow in the future

A new research project in Adelaide will investigate the future of battery storage technology.

Solar power has already proven itself as the renewable generation method of choice throughout Australia, finding a number of uses throughout commercial and residential applications.

Now, it’s time for the supporting technology to take the next step. Battery storage is set to give solar power even greater value to homes and businesses. At their core, these devices allow electricity generated through solar panels to be stored for later use. Not only does this make solar panels more efficient, it reduces pressure on the national grid as well.

According to a recent report from the Australian Energy Market Operator (AEMO), the use of battery storage technology is set to grow dramatically over the coming years as the energy sector strives for efficient power use.

How dramatic will this growth be?

AEMO states that the ability for battery storage to succeed in each region of the country is dependant on the number of photovoltaic (PV) solar systems already installed there. For some states, this means they are already a step ahead.

The organisation forecast the potential growth in this sector for individual states and for the National Energy Market (NEM) overall, finding that NSW and Victoria are leading the way. According to its results, South Australia and Tasmania have the most work to do to catch up.

By 2018, AEMO is expecting total battery storage capacity to have reached over 500 megawatt hours (MWh). This is expected to grow to just shy of 8,000 MWh in 20 years’ time.

Are governments supporting it?

This growth is not limited to small developments either, as various state governments are funding large-scale projects to ensure their regions have the necessary capacity to support renewable electricity in the future.

The South Australian government recently announced its support for a research project that aims to investigate the potential of battery storage technology. In particular, it intends to investigate the effects it will have on the national grid to ensure the NEM is prepared.

The project has been funded by the Australian Renewable Energy Association (ARENA) to the tune of $1.4 million and will be produced alongside the University of Adelaide. ARENA CEO Ivor Frischknecht says the results will help to ensure future battery storage projects are as effective as possible.

“The new knowledge bank will act as a central repository of energy storage expertise, bringing together reports and case studies, along with information on regulation, reliability, safety, operation and performance of energy storage systems in Australia,” he said.

What’s next?

The next step is to get homes and businesses on board with the technology to ensure the use of battery storage accelerates at the rate predicted by AEMO. Contact the team at MPower to ensure your next energy project has the support and expertise it needs to utilise the latest renewable energy developments.

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