BNEF: Australia ties with Germany as fastest growing residential storage market


As stated in a recent report by the Climate Council, the Australian residential storage market is about to take off. Behind the increasing adoption of residential storage is a range of factors, including price declines of lithium-ion (Li-ion) batteries.

The Climate Council found that Li-ion is tracking the declines achieved by solar PV, with prices dropping by 80% since 2010, and are tipped to halve again by 2025.

Logan Goldie-Scot, who leads Bloomberg New Energy Finance’s (BNEF) battery storage analysis, meanwhile, reports that Australia and Germany are neck-and-neck in terms of being the fastest growing residential storage markets. 

Popular content

“We estimate between 1 GW – 1.4 GW [of residential storage will be installed] in 2018 globally,” he says . “Leading markets are similar to those in 2017, although the U.S. emerges in 2018.”

Read the full article on pv magazine Australia.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: