Battery technology earmarked for residential use
The Australian government has invested $480,000 in battery technology in a bid to see a cost-effective residential and commercial renewable energy system.
To optimise the UltraBattery technology of the CSIRO spin-off company Ecoult, the funding was offered through the Australian Renewable Energy Agency's (ARENA) Emerging Renewables Program.
Federal energy minister Martin Ferguson said the battery technology will be crucial to those who are trying to maximise their electricity consumption from renewable energy sources.
He explained: "One of the benefits of the CSIRO’s UltraBattery technology is its suitability for managing energy intermittencies, smoothing power from irregular sources and shifting energy availability over time to ensure more regular availability.
"That's why the Australian government, through ARENA, will be investing in a 30-month project using the UltraBattery technology to determine whether it can lower operating and storage costs, by conducting testing on a storage pilot at CSIRO's Newcastle facilities."
This is a $1.16 million project, which is looking to optimise the battery system for use in residential locations, particularly locations where there is a high number of solar installations. Remote areas which are not connected to the grid will also benefit from the battery systems.
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Posted by Charlie Moore