Ten years ago you may not have heard of Skype, Twitter, Netflix, AirBnB or Uber. Now they’re among the most dynamic and profitable companies in the world.
What happened? The internet boomed and these innovative companies boomed with it.
Now, as we all know, energy storage is about to boom. The development of newer, faster charging, and lower cost batteries in our cars is challenging the business models of the incumbent liquid fuels industry. With over 200,000 orders for the new Model 3 Tesla electric car within 24 hours of announcement, significant change is happening.
This large scale manufacturing of batteries enables low cost storage in homes and businesses, but this will not just impact those direct users. The combined power of multiple small energy storage units will influence the number of peaking power plants that are needed by utilities, as well as providing new models for distribution of power.
In the US, a recent report by EuPD found that more than one third of PV installers already offer an energy storage solution, and that this is expected to significantly increase as the price for energy storage units decrease.
Leaders in the new energy industry include the new smart companies that know the potential of energy storage and who are positioned to take up the economic benefits of being in the right place at the right time.
Fast growing and globally expanding companies, such as Kisensum, GreenSmith Energy Management, AES Energy Storage, GELI, Green Charge Networks, SonnenBatterie, Magaldi, Kokam and SimpliPhi Power are positioned for this economic boom.
Leading international speakers from these smart thinking energy companies, and more, will speak at the Australian Energy Storage conference in Sydney on 1 & 2 June.
Join these thought leaders to discuss the international progress as well as the energy storage innovations and successes of our local champions such as Reposit Power, GreenSync, Magellan Power and Redflow.
We are well on the path to an energy transition from limited and large energy storage solutions, to a future where smaller, fast and flexible units of energy storage will change the way we use and share power.