Last year the combined power of batteries installed by Australia’s 1.8 million solar rooftop homes and businesses and grid batteries such as Tesla and Neoen Australia’s 100 megawatt Hornsdale Power Reserve in South Australia was 246 MW, a report by Chief Scientist Alan Finkel says, citing the Greentech report.
That was well ahead of Germany and the United States, which each installed just more than 200 MW of grid and residential batteries. Japan, China, Britain and South Korea each installed between 100 MW and 200 MW.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
