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BATTERY STORAGE


A battery storage system enables a business to obtain electricity from inexpensive sources like solar or off-peak grid energy and use it when electricity is relatively expensive or unavailable.

Battery Storage in Australia

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  • Around 140,000 battery systems in Australia in 2022

  • Installed capacity is evenly split between Residential and commercial and large-scale batteries

  • Uptake of new battery systems in 2021 and 2022 has remained relatively consistent

  • New battery system prices in Australia are currently considered high but forecast to dramatically decrease over the next 5 years

  • Most manufacturers increased prices in 2021 due to high raw materials costs, semiconductor chip shortages, and freight and logistics challenges

Finance Options

 

  • Lower your energy bills & decrease your carbon footprint

  • Make the most of your solar power eg use at night

  • Participate in Virtual Power Plant (VPP) Initiatives*

  • Participate in demand response programs**

  • Have a source of backup power at your site

Image by Andreas Gücklhorn

TTEG Predictions

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  • Anyone with solar will ultimately have a battery

  • Electric Vehicles will be seen as a mobile battery

Business Considerations

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  • What is the most efficient battery system for your business?

  • What commercial options are there?

  • Establish timing & battery discharge strategies to maximise financial and operational benefits

  • Identify any market opportunities such as demand response# or participation in VPPs**

  • What traps are there in T & C and warranty etc?

  • What is the potential payback for various options?

  • Are there financing options?

  • How do I coordinate installation and ensure compliance?

*Demand Response requires you to Input back into the grid on demand
**A VPP is where an energy company remotely drains your battery to supply their customers via the grid

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Next Steps

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In order for TTEG to assess for the most efficient battery system available for your
business, click below to fill in our form, upload a recent bill, and select Battery Storage, or call 1300 11 88 34, email info@tteg.com.au.

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