Subscribe to our free daily newsletters
  Solar Energy News  




Subscribe to our free daily newsletters



SOLAR DAILY
Smart reform the key to unlock energy storage revolution
by Staff Writers
Melbourne, Australia (SPX) May 26, 2017


(illustration only)

Targeted reform of Australia's outdated electricity market - rather than long-term public funding - is the key to unlocking the full benefits from energy storage technology as the country shifts to renewable energy, according to a policy paper released today by the industry's peak body.

Clean Energy Council Chief Executive Kane Thornton said energy storage technologies have a critical role to play in the development of an affordable, clean and secure energy system.

"There remains substantial work to do in modernising Australia's energy rules and allowing energy storage to fully participate in the market, bringing the benefits of the technology to both the grid and consumers more broadly," Mr Thornton said.

"Australia currently lacks a strategic package of energy market reforms that will help to turbo-charge energy storage and tear down the barriers that stand in the way to its wider use around the country.

"While there is a role for government funding at the moment to help with the cost reduction and establishment of the energy storage industry, strategic reform and regulation is the most efficient way to encourage more widespread use of the technology over the long term."

The newly-released policy paper, Charging Forward: Policy and regulatory reforms to unlock the potential of energy storage in Australia, outlines a package of targeted reforms to support the increased roll out of energy storage projects at residential, commercial and grid scales.

"Energy storage is the last major puzzle piece of an evolved energy system. It can complement more variable sources of generation, like wind and solar power, while also providing services that bolster the resilience of the system. It also lightens the load during peak demand, reducing the need for expensive network investment and augmentation," Mr Thornton said.

"Rising electricity costs, changing tariff structures and rapidly reducing technology costs have combined to create the ideal conditions for greater adoption of 'behind the meter' storage and solar technologies. These new products can make a contribution to the electricity market and reduce costs for all consumers.

"Energy storage costs - especially battery storage - are falling. There is huge potential for these technologies to change the way customers and retailers interact with the grid. However, a combination of market reform, incentives and regulatory change is needed to drive this transition, while ensuring a secure and affordable power system," he said.

The policy paper recommends 13 reforms across four categories to achieve this, ranging from removing regulatory barriers and rewarding the value of storage behind the meter, to protecting consumers and changes that would allow storage to support grid security through its fast frequency response capability.

The policy paper Charging Forward: Policy and regulatory reforms to unlock the potential of energy storage in Australia can be downloaded from the Clean Energy Council website.

SOLAR DAILY
Trojan team to install critical off grid battery station in Nicaragua
Santa Fe Springs, CA (SPX) May 26, 2017
Trojan Battery has announced a team of Trojan employees have embarked on a volunteer trip to Nicaragua with the GRID Alternatives International Program to install a solar system that will provide power to a remote village. A team of 10 Trojan volunteers which includes employees from Trojan Battery's California and Georgia facilities left on Sun., May 21 to help install a solar power system ... read more

Related Links
Clean Energy Council
All About Solar Energy at SolarDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

SOLAR DAILY
Discovery of an alga's 'dictionary of genes' could lead to advances in biofuels, medicine

A more energy-efficient catalytic process to produce olefins

New photocatalyst speeds up the conversion of carbon dioxide into chemical resources

Nagoya University researchers break down plastic waste

SOLAR DAILY
CMU's interactive tool helps novices and experts make custom robots

Google's AlphaGo retires on top after humbling world No. 1

Chess-playing robot star of Taiwan tech fair

Robots help shed light on how humans walk

SOLAR DAILY
U.S. states taking up wind energy mantle

GE Energy Financial Services Surpasses $15 Billion in Renewable Energy Investments

Scientists track porpoises to assess impact of offshore wind farms

Dutch open 'world's largest offshore' wind farm

SOLAR DAILY
Researchers find computer code that Volkswagen used to cheat emissions tests

Engines fire without smoke

China's Geely boosts expansion with Proton, Lotus stakes

Hong Kong police arrest 21 Uber drivers in sting

SOLAR DAILY
Printed, flexible and rechargeable battery can power wearable sensors

Nanoalloys 10 times as effective as pure platinum in fuel cells

Off-the-shelf, power-generating clothes are almost here

New approach to revolutionize the production of molecular hydrogen

SOLAR DAILY
Three Mile Island nuclear plant to close in 2019

Why nuclear could become the next 'fossil' fuel

EU clears EDF takeover of Areva reactor business

Swiss vote for gradual nuclear phaseout, energy makeover

SOLAR DAILY
China further opens energy sector to private investment

Australia power grid leased to local-foreign consortium

Poland central to EU energy diversification strategy

Myanmar recovery linked to development of electrical grid

SOLAR DAILY
Activists protest logging in Poland's ancient forest

Planting trees cannot replace cutting CO2 emissions

Myanmar's extensive forests are declining rapidly due to political and economic change

Solving the mystery of the white oak




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement