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TL;DR: The Australian Labor party is fulfilling its 2022 election promise by installing a new community battery in Coorparoo. Community batteries, a relatively new concept in Australia, are shared resources that store excess rooftop solar-generated electricity for later use. They are about the size of a 4WD and can store the equivalent of around 25-45 average household batteries. This initiative benefits homeowners and renters without solar panels by offering access to renewable energy, reducing emissions, and easing pressure on the grid. Energex will receive $447,892 in the first round of grant funding for this installation. The Australian government plans to invest $200 million to install 400 such batteries nationwide. This initiative could save participants between $50 - $250 per year, depending on their solar exports and energy use patterns. The project in Coorparoo is expected to be completed by March 2025

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[-] spiderman@lemmy.world 2 points 1 year ago

This initiative could save participants $50 - $250 per year

Like we would ever see it.

this post was submitted on 03 Jul 2023
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