Tesla recently announced that Australia will be one of the first markets to receive their ground-breaking home battery system. This announcement is expected to have a big impact on the Australian energy sector and has expanded discussion around energy storage. According to Bloomberg Business, Tesla has taken orders worth roughly $800 million in potential revenue. So, what does energy storage mean for the average Australian household and people who are considering investing in solar?
At CSA Services we think new technology like Tesla’s Powerwall is incredibly exciting. An energy storage system allows excess solar energy generated by solar panels to be stored in batteries during low usage times for use during high usage times to reduce your energy bill; or be stored for use at nighttime.
The energy from your solar panels that is not being used passes through an inverter/charger and is stored in a bank of batteries to be converted back to 240 Volts (AC) to power your home when you need it.
Energy storage systems represent a move away from fossil fuels and a critical step towards energy independence and the reduction of greenhouse gases.