The Australian - Business Review 4 March 2019Exclusive Perry...

The Australian - Business Review 4 March 2019
Exclusive Perry Williams Senior Business Writer12:00AM March 4, 2019

Paywall...so won't post link

Would appear the tide may be turning

Key Points in article

Origin Energy to lift battery exposure

Origin Energy has outlined ambitions to boost its exposure to the fast-growing battery market this year by working with large industrial customers who are looking to tap large-scale storage systems to manage their power needs.

Up to 450,000 energy storage systems could be in place throughout Australia by 2020 under a high-growth scenario forecast by the Smart Energy Council, with a switch to renewable power backed up by storage shifting the nation to a rapidly decentralised power network.

The Sydney-based company is also considering grid scale batteries at its Mortlake gas-fired power plant in Victoria and at Australia’s largest power station, the giant Eraring coal-fired facility in NSW.

Bloomberg New Energy Finance estimates about 90 per cent of the $88bn forecast to be spent adding power capacity in Australia until 2040 will be outlaid on clean energy.