Australia tipped to add 70,000 home batteries in 2019, lead global demand

by Sophie Vorrath, Renew Economy

Australian is on track to become the biggest home battery market in the world in 2019, with solar households expected to install tens of thousands of energy storage systems in 2019, according to a new report from Bloomberg New Energy Finance.

The report, published on Wednesday, predicts more than 70,000 Australian households will install batteries this year – driven by $147 million in state government subsidies and other incentives, as well as low-interest loans and demand response schemes.

BNEF says the progressive state schemes led by governments in South Australia, the ACT and Victoria, are “solidifying” Australia’s residential energy storage market as one of the largest and most promising in the world.

Read more: https://reneweconomy.com.au/australia-tipped-to-add-70000-home-batteries-in-2019-lead-global-demand-64414/

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