Australia is on the brink of a power revolution. Hot on the heels of the rapid uptake of residential photovoltaic (PV) solar power systems is the next logical step for this cutting edge technology: solar storage.
The opportunity to store energy generated from solar power – for later rather immediate use – will radically change the way Australians access, and pay, for power.
Leading the charge is the Tesla Powerwall, a sleek lithium ion battery that is set to start powering solar-ready Australian homes and small businesses from the end of 2015.
Conceived with both the solar power and electric car market in mind Tesla have taken the production of lithium ion batteries to the next level with the construction of their Gigafactory near Sparks, Nevada in the US.
The Gigafactory, so called for the potential power output it will be manufacturing, is expected to be operational by 2017 and producing more lithiumion batteries annually by 2020 than were produced worldwide as a whole in 2013.
This large scale manufacture will see battery prices continue to drop as solar power generation and storage rapidly rolls out across Australian homes and small businesses over the next 5 years.