Global Research: Australia scores energy storage gold

Published: Comments:
Australian Government Business & Economy Climate Change Energy & Water Environment

This is an archived copy of an article. It is online for informational purposes only.
Social:   

Australia has won gold in the global energy storage race, installing the most storage technology in the world during 2017, ahead of Germany, the United States and Japan, according to new research.

Climate Councillor and energy expert Greg Bourne said the GTM Research, "Global Energy Storage: 2017 Year in Review and 2018-22 Outlook" shows that Australia installed an astonishing 246 megawatts (MW) of energy storage power capacity, enough to power almost 400,000 homes at one time, while also taking second place for energy capacity (MWh).
 
"Australia is on an energy storage winning streak and was also recognised as having the biggest household storage market anywhere in the world last year," he said.
 
"Our transition to clean, reliable and affordable renewable energy and storage technology is already in full swing, with the nation home to the most powerful lithium ion battery in the world plus a collection of new storage projects in the pipeline."
 
Bourne, the former President of BP Australasia, said renewables plus storage technology was a winning combination for tackling worsening climate change, while also making economic sense.
 
"In the past eight years the price of lithium-ion batteries has dropped by 80% and is tipped to halve again by 2025, which is driving investment in this booming industry both here and abroad," he said.
 
Earlier this week, the United Nations also released the latest renewable energy data for 2017 where Australia again was ahead of the pack, with investments jumping 147% to $11 billion (AU).
 
"Renewables and energy storage such as batteries will ensure the nation's grid is fully charged, especially during extreme weather events such as the heatwaves being experienced in South Australia this week," he said.
 
"Our states and territories are leading the renewables and energy storage race, transitioning us to a 21st century energy grid Australians can be proud of."
 
"Unfortunately, the Federal Government's proposed National Energy Guarantee (NEG) could put all of this at risk."
 
"This new data shows exactly what Australia is capable of and that we are truly global leaders in renewables and battery storage - let's keep the momentum going and continue to move away from ageing, polluting and inefficient fossil fuel power."
 
The Climate Council has created a climate and energy policy roadmap 'Clean & Reliable Power: Roadmap to a Renewable Future', outlining 12 key principles that are essential to tackling climate change in Australia.

 
Climate Council of Australia :
PO Box 1267, Potts Point 2011, Australia Wide
02 9356 8528
Climate Council of Australia
Showing 10+ recent articles for this business
Local councils outstrip Federal climate action 09 October 2018 | The report, Tackling Climate Change Together: Local Governments Lead the Charge, highlights hundreds of climate pledges made by councils in the Cities Power Partnership, Australia's largest council climate alli... More information...
Five Years On: Climate's Comeback Kid 19 September 2018 | The Climate Council website was launched at 12am on the 24th of September, the first donation came in minutes later from Joel in New South Wales who chipped in $15. Ten days later, $1.3 million had been raised... More information...
Australian Councils can drive down Transport Pollution: New Report 17 September 2018 | The new report, Waiting for the Green Light: Sustainable Transport Solutions for Local Government, identifies actions that local governments can take to reduce greenhouse gas pollution from transport, such as... More information...
New Report: Australia Stuck in the Slow Lane on Transport 13 September 2018 | The Climate Council's 'Waiting for the Green Light: Transport Solutions to Climate Change' report shows that transport is Australia's second largest source of greenhouse gas pollution, after electricity. More information...
MEDIA RELEASE THURSDAY, SEPTEMBER 6, 2018 Latest Bushfire Outlook: Earlier, stronger, longer 06 September 2018 | The Southern Australia Seasonal Bushfire Outlook 2018 released today by the Bushfires and Natural Hazards CRC, indicates that southeast Australia, particularly along the eastern coast and hinterlands, could be hit... More information...
State RET's essential to tackling climate change 30 August 2018 | Climate Council CEO Dr Martin Rice said the Federal Government's new energy strategy announcement this morning raised a collection of concerns, including plans to include coal and gas in Australia's future energy... More information...
'Botched' NEG Must Still Pass Series of Legislative Hurdles 14 August 2018 | The National Energy Guarantee has been trimmed, pulled, poked and prodded to the point that we are now left with a weak and inadequate policy that fails across the board, especially when it comes to effectively... More information...
NEG: Aussie Climate and Energy Policy Limbo Continues 10 August 2018 | The meeting concluded with states and territories waiting for the policy to be discussed and agreed by the Federal Government's Coalition party room. More information...
Climate Crunch Time at COAG over ‘Trojan Horse’ NEG 09 August 2018 | Climate Council Acting CEO Dr Martin Rice described the Federal Government's proposed National Energy Guarantee (NEG) as a 'trojan horse', saying the mechanism will fail to slash rising electricity prices for... More information...
Australia Hit with Driest July Since Millennium Drought 01 August 2018 | AUSTRALIA has been hit with its driest month since 2002, during the Millennium Drought, along with experiencing the second hottest July on record (for mean maximum temperatures), according to new data. More information...



Social:   
comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service