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40,000 Homes In South Australia Will Be Subsidized For Installing Energy Storage Systems
- Sep 13, 2018 -

   40,000 homes in South Australia will be subsidized for installing energy storage systems


Recently, South Australia Governor Steven Marshall announced that subsidies will be provided to households deploying solar and battery energy storage systems in the state, and residents will receive “more economical, reliable and safe energy”, thus opening up their residential battery energy storage plans. prelude.

Up to 40,000 homes will be eligible for deployment of residential battery energy storage systems, and in most cases, energy storage systems will be used in conjunction with residential solar power installations. The state government will provide A$100 million (US$71.22 million) in funding, and the Australian federal government has signed a Memorandum of Understanding (MoU) with South Australian Energy and Mining Minister Dan van Holst Pellekaan. The Clean Energy Finance Corporation (CEFC) will also provide a system of funding to reinvest 100 million Australian dollars for the program.

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“The Clean Energy Finance Corporation (CEFC) funds will provide additional low-cost loans for solar, energy storage and related equipment, in addition to subsidies, and provide competitive flexibility loans when needed to further assist residents,” Pellekaan said. Overcoming the early financial obstacles to acquiring energy storage technology."

Like similar programs launched in a few countries and regions around the world, including Germany, Japan, and California, the South Australian Residential Battery Energy Storage Program will fund part of the system's cost of $6,000 per household. Australian suppliers are offering quotations ranging from A$9,000 to A$12,000 for the Tesla Powerwall 2 and Sonnen Eco Systems.

Over time, competition between suppliers has increased and battery costs have continued to decline, and the level of subsidies and subsidies will be reduced. At the same time, for eligible residential solar and battery energy storage systems, they must be able to interconnect and aggregate them to form or join a virtual power plant.

In other words, like the German state subsidy program, South Australia's idea behind encouraging the purchase of battery energy storage systems is to help the grid mitigate the effects of peak demand. Conversely, it is desirable to alleviate grid constraints on users while reducing the overall electricity price in the state. Although initially, the state's households were able to decide whether to join the Virtual Power Plant (VPP) program, the state government must have this capability.

The installation company should be registered as a qualified system supplier in the state government program, and residents can learn more about participation at the South Australian government's dedicated website. At the macro level, clean energy has become a political topic in Australia, such as energy security and fossil fuels, especially coal. However, on a state-by-state basis, Australia's nationwide rich sunshine and upcoming expiring feed-in tariff (FiT) programs are making it a smart choice for deploying solar power and battery energy storage systems in some parts of Australia.

Australia will become "the world's largest energy storage market"

The German company Sonnen subsequently announced that it will build an assembly and manufacturing facility for the state's residential energy storage system. South Australia's Minister of Trade, Tourism and Investment, David Ridgway and van Holst Pellekaan, said that Sonnen will build a new manufacturing center and central transportation facility that will bring about 430 manufacturing and installation jobs to the state.

According to EUPD Research, Sonnen hopes to produce about 50,000 battery energy storage systems in the plant over the next five years, which is equivalent to the total sales of all suppliers in Europe in 2017, which is equivalent to the Tesla Powerwall 2 energy storage system. The quantity can also be installed as part of the South Australia Single Virtual Power Plant (VPP) project announced a few months ago. At the same time, Australia's chief scientist Alan Finkel said in a report in July this year that about 21,000 battery energy storage units were sold in Australia in 2017, while EASE and Delta-EE surveys showed that sales in Europe were about 37,000. .

Christoph Ostermann, CEO of Sonnen, said that 50,000 Sonnen battery energy storage units connected as virtual power plants (VPPs) can reduce electricity to the grid by up to 150 MW, equivalent to a gas-fired power plant. Ostermann believes that once a battery storage system is installed, its ability to charge and discharge three times a day makes it an "ideal" source of electricity.

“We are very pleased to be able to start producing battery energy storage products for the Australian market in South Australia and expect Australia to be the world's largest energy storage system market,” Ostermann said.