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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:
Demand side response as an effective approach to shift peak load and reduce network congestion, has been perceived as a promising trend for energy management and supply.
Residential demand response (DR) is starting to attract widespread attention, following on from steady growth in commercial and industrial demand response. We explore how developed residential DR is, and the size and nature of the opportunity.
Last week I attended the Energy Storage Global Conference (ESGC18) in Brussels, organised by the European Association for the Storage of Energy (EASE). It was a very well organised and enjoyable event but as always, content is king, and the conference certainly delivered on this front too.
There were lots of interesting presentations over three days, and Delta-ee Director Andy Bradley had the opportunity to present headlines from our EMMES 2.0 report published in June. See here for details of the EMMES 2.0 report and contact [email protected] if you would like a copy of the presentation.
Last week, Ikea announced that it would be ‘launching’ a battery storage offering to sell alongside its solar panels in the UK . The week previously, Siemens – another well-known brand – announced that it would be joining forces with AES to create a global force in energy storage.
The increasing trend towards vertical integration
Attending the UK Electricity Storage Network’s 'Good Storage, Better Storage' event a few days ago, one thing was obvious: energy storage is high up on the UK’s energy agenda. BEIS (Department for Business, Energy & Industrial Strategy) and Ofgem clearly understand what the challenges for energy storage are and that they need to be addressed.
We see these challenges ranging from the lack of definition for energy storage, potentially designing a new asset class and resolving the ownership issue for network operators, right across to market barriers such as the ability to access and effectively stack revenue streams. All in all this provides a glimpse at the plethora of barriers for energy storage that remain in place in the UK today.
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