Climate change is reshaping Australia’s demand for energy storage
Sometimes there’s a first mover advantage. Sometimes there’s a first mover mess. In the case of residential energy storage, Australia’s early adoption has meant it’s been at the center of a rapid technology evolution as the market decides: Why do homeowners need energy storage?
In late 2015, when I helped launch a residential energy storage system, Australia was the first market targeted. Why? Because Aussies wanted to stick it to the utilities. As energy fed into the grid became worth a fraction of energy purchased from the grid, self-consumption began to make economic sense. And in areas of Queensland …
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