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Grid-Scale Battery Storage Is Already Viable In Australia
May 18th, 2017 by Giles Parkinson
Originally published on RenewEconomy.
Have you heard the line recently that grid-based battery storage is “coming”, but is not quite “commercial”, but might be in a few years time, or even a decade or two?
It’s a common misconception. But if you wondered about the overwhelming response to the recent tenders by South Australia and Victoria for the country’s largest battery storage installations, here’s why: The technology is already in the money.
That, at least, is the estimate of Bloomberg New Energy Finance analyst Kobad Bhavnagri, who says that battery storage is not just in the money, it is a long way into the money in states like South Australia, already with a high level of wind and solar and volatile wholesale electricity prices.http://reneweconomy.com.au/wp-content/uploads/2017/05/kobad-storage-viable.jpg

“We’ve seen the price of battery packs as fallen by 75 per cent by 2010, and our calculations show that will fall by a further 75 per cent by 2030,” due to technology innovation and manufacturing scale, Bhavnagri said.
Grid-Scale Battery Storage Is Already Viable In Australia
Just the beginning.
May 18th, 2017 by Giles Parkinson
Originally published on RenewEconomy.
Have you heard the line recently that grid-based battery storage is “coming”, but is not quite “commercial”, but might be in a few years time, or even a decade or two?
It’s a common misconception. But if you wondered about the overwhelming response to the recent tenders by South Australia and Victoria for the country’s largest battery storage installations, here’s why: The technology is already in the money.
That, at least, is the estimate of Bloomberg New Energy Finance analyst Kobad Bhavnagri, who says that battery storage is not just in the money, it is a long way into the money in states like South Australia, already with a high level of wind and solar and volatile wholesale electricity prices.http://reneweconomy.com.au/wp-content/uploads/2017/05/kobad-storage-viable.jpg

“We’ve seen the price of battery packs as fallen by 75 per cent by 2010, and our calculations show that will fall by a further 75 per cent by 2030,” due to technology innovation and manufacturing scale, Bhavnagri said.
Grid-Scale Battery Storage Is Already Viable In Australia
Just the beginning.
