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Given it’s one of the world’s top exporters of coal, Australia might not be top of mind when it comes to new energy. One area where it is ahead of the curve though, is virtual power plants (VPPs) using residential energy storage. Indeed, ignoring any near-term market disruption due to COVID-19, we see the potential for a doubling of residential storage assets taking part in a VPP over the coming year or so. This will take the installed base active in a VPP to 10,000 systems. Alongside Germany, this makes Australia one of the most active global markets we have seen.
At Delta-EE, we decided to look at what has been fuelling this growth down under. Here, I set out some of the key reasons we identified:
The US and the European connected home markets have taken off. There is (almost) no debate about this as millions of homes are equipped every year with connected home products. You would think that a developed and English speaking country such as Australia would be on top of this trend. But that’s not the case.
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