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Morgan Stanley: Battery Storage To Grow Four Times Quicker Than Market Thinks

This is a guest post by Giles Parkinson, crossposted from RenewEconomy.

Leading investment bank Morgan Stanley believes the Australian energy market is seriously underestimating the grow of solar and battery storage, and says the technology will be installed at rates four times quicker than the incumbent energy industry expects.

In a new detailed report, Asia Insight: Solar and batteries, Morgan Stanley expects the market for battery storage to grow from about 2,000 Australian homes now to one million by 2020. But its “high case” suggests the take-up could be double that – up to two million homes by 2020.

We think most incumbent utilities downplay the earnings risks from solar and battery take-up, and the market has not yet priced in the retail and wholesale market effects,” the company analysts write in their report.

Canuck MegaBattery "Cleans Up" Wind Power

Wind is a bit like Adam Sandler's career. Sometimes it blows, and sometimes it doesn't.

That's just fine if all you want to do is fly a kite, but if you're an electrical utility seeking a steady supply of carbon-free juice for millions of homes and businesses, the resource needs a Plan B.

For one Canadian company, that plan B is “battery.” And it's gearing up to install a big 'un over in Ireland.

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