Competitive for SMEs to go solar plus batteries – Energy renaissance

Australian battery manufacturer Energy Renaissance believes Australia is now at a point where it’s equally cost-effective for SME businesses to harness the power of the sun and store it in batteries as it is to tap into the grid.

Based on the default market offers (DMO) recently announced by the Australian Energy Regulator (AER), this parity changes everything, according to the company which operates a battery plant at Tomago in New South Wales.

The company took to social media and said: “Renewable energy technologies, previously touted as expensive alternatives, have suddenly become financially appealing.

“There has never been a better time to invest.”

Energy renaissance said it had done the math and believed it was truly a no-brainer.

“Analysis by the Australian Energy Council and CSIRO also shows that the levelised cost of renewable energy now hovers around five to six c/kWh.

“Based on the energy costs shown above by the DMO we are now at a point where it’s equally cost-effective to harness the power of the sun and store it in batteries to be used later as it is to tap into the grid.”

Energy renaissance said its estimates show that using batteries to store renewable energy is an investment decision SMEs can’t afford to miss.

“Acting now opens up a world of benefits beyond cost savings.

“By backing renewable energy, you’re investing in a sustainable future, contributing to the reduction of harmful emissions, and reducing our dependence on fossil fuels.

“And let’s not forget – when it’s a truly Australian-made system, you’ll be supporting the creation of local jobs and fostering economic growth.”

Further reading:
Browse @AuManufacturing’s coverage of Energy Renaissance here.
Podcast – In episode 16 of @AuManufacturing Conversations with Brent Balinski, we hear from Mark Chilcote, Managing Director of Energy Renaissance.

Image: Energy Renaissance