{"id":4586,"date":"2015-03-09T16:06:50","date_gmt":"2015-03-09T05:36:50","guid":{"rendered":"http:\/\/www.solarquotes.com.au\/blog\/?p=4586"},"modified":"2017-10-25T09:39:10","modified_gmt":"2017-10-24T23:09:10","slug":"solar-will-be-the-dominant-energy-source-by-2050-thanks-to-batteries","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/solar-will-be-the-dominant-energy-source-by-2050-thanks-to-batteries\/","title":{"rendered":"Solar will be the dominant energy source by 2050 (thanks to batteries)"},"content":{"rendered":"
\"solar<\/a>

Batteries are getting 15% cheaper every year.<\/p><\/div>\n

More evidence emerged this week of the imminent arrival of the solar storage revolution. First was a report by the Deutsche Bank, the latest to predict that solar will become the dominant energy source by 2050, displacing other traditional energy such as fossil fuels.<\/p>\n

\u201cOver the next 20 years, we expect the electricity market to double to $US4 trillion and expect the solar industry to increase by a factor of 10. During this timeframe, the solar industry is expected to generate $5 trillion of cumulative revenue,\u201d said the report.<\/p><\/blockquote>\n

<\/p>\n

The study sees solar expanding rapidly in developing countries such as India.<\/p>\n

\u201cBy the year 2050, we expect global solar penetration rates to increase to 30%. We also see solar penetration rates increasing more rapidly in developing economies. India for example has recently announced targets to reach 100GW of solar capacity by 2022.\u201d<\/p><\/blockquote>\n

The solar storage revolution<\/strong><\/p>\n

But it is affordable solar storage which the bank describes as being at the heart of the revolution. Calling it the \u201cnext killer app\u201d because it will help with metering and accessing the grid, the bank states the importance of storage in the rapid expansion of solar power.<\/p>\n

\u201cWe believe reduction(a) in solar storage costs could act as a significant catalyst for global solar adoption, particularly in high electricity markets such as Europe.\u201d<\/p><\/blockquote>\n

Reinforcing the was an ABC article last week<\/a> which quoted CQUniversity<\/a> professor Peter Wolfs as saying his team was researching ways for people with solar power to access stored energy during natural disasters. As the recent cyclones in the North have shown, the loss of power is a major problem for those affected by these natural disasters.<\/p>\n

However Professor Wolfs said it was possible for those with solar energy to disconnect from the grid during such times, thanks to solar energy and storage.<\/p>\n

“You can separate your house. If you actually disconnect your house from the network during a power outage you can form what is called an island and you basically operate off your solar energy and your energy stored in a battery.”<\/p><\/blockquote>\n

Calling the falling price of the storage battery for electric cars the real \u201cgamechanger\u201d, he predicted that further drops in price will encourage more homeowners to add a battery component to their solar system.<\/p>\n

\u201c…the price of batteries has dropped steadily at about 10 to 15 per cent each year, so in a handful of years, three to four years, you’ll probably find there will be an increasing demand for batteries going into houses.”<\/p><\/blockquote>\n

So all signs point to a solar storage revolution at the vanguard of solar energy as the dominant power source of the future. The opportunities for Australia, with its wide open spaces and wealth of sunlight, are of course, endless. The chance to become a true renewable energy superpower (as Australia was once described by the Spanish Foreign Minister) may lie in investment in not just solar energy, both domestic and large array, but also in solar battery storage.<\/p>\n","protected":false},"excerpt":{"rendered":"

More evidence emerged this week of the imminent arrival of the solar storage revolution. First was a report by the Deutsche Bank, the latest to predict that solar will become the dominant energy source by 2050, displacing other traditional energy such as fossil fuels. \u201cOver the next 20 years, we expect the electricity market to […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[56],"tags":[172,77,170],"class_list":["post-4586","post","type-post","status-publish","format-standard","hentry","category-economics","tag-hybrid-solar","tag-off-grid-solar","tag-battery-backup","entry"],"acf":[],"yoast_head":"\nSolar will be the dominant energy source by 2050 (thanks to batteries) - 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The scenario is based on the most positive outcome where global capacity of STE (aka concentrating solar power) reaches 1,600\u2026","rel":"","context":"In "Big Solar"","block_context":{"text":"Big Solar","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/utility-scale-solar\/"},"img":{"alt_text":"CSIRO solar tower with mirror array.","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/06\/csiro2.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/06\/csiro2.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/06\/csiro2.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":33400,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-popularity-australia-mb1208\/","url_meta":{"origin":4586,"position":1},"title":"Solar Power Still The Favourite Energy Choice Of Australians","author":"Michael Bloch","date":"September 11, 2019","format":false,"excerpt":"Solar power remains the most popular energy source among Australians according to The Australia Institute's latest Climate Of The Nation report. Released by TAI yesterday, this year's report is based on survey responses of 1,960 Australians aged 18 years and older from across the country. The report has primarily been\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar energy - Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/09\/solar-energy-australia.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/09\/solar-energy-australia.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/09\/solar-energy-australia.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/09\/solar-energy-australia.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/09\/solar-energy-australia.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":4250,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-will-worlds-popular-power-source-2050\/","url_meta":{"origin":4586,"position":2},"title":"Solar will be the world\u2019s most popular power source by 2050","author":"Staff Writer","date":"November 10, 2014","format":false,"excerpt":"When someone of the stature of Martin Green says the cost of solar PV technology will halve again by the next decade, you sit up and take notice. Even more so when he says solar will be the world\u2019s most popular energy source by 2050. For the University of New\u2026","rel":"","context":"In "Economics Of Solar"","block_context":{"text":"Economics Of Solar","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/economics\/"},"img":{"alt_text":"big red hand pointing down","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/11\/prices-are-down.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/11\/prices-are-down.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/11\/prices-are-down.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":63540,"url":"https:\/\/www.solarquotes.com.au\/blog\/switzerland-solar-coin-mb2559\/","url_meta":{"origin":4586,"position":3},"title":"Swiss Celebrate Solar Power With New Coin","author":"Michael Bloch","date":"July 19, 2022","format":false,"excerpt":"Continuing a three-part \"Energy of the future\" series, Switzerland's Federal Mint is to issue a coin showcasing solar energy this week. Last year Swissmint kicked off a series of special coins to promote renewable energy. The first coin featured hydropower, which is currently the dominant renewables technology in Switzerland. This\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Switzerland solar coin","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/swiss-solar-coin.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/swiss-solar-coin.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/swiss-solar-coin.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/swiss-solar-coin.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/swiss-solar-coin.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":24336,"url":"https:\/\/www.solarquotes.com.au\/blog\/solarise-new-zealand-mb0749\/","url_meta":{"origin":4586,"position":4},"title":"Greenpeace Pushes For 500,000 New Solar + Battery Installations In NZ","author":"Michael Bloch","date":"September 18, 2018","format":false,"excerpt":"Greenpeace has a plan that would put solar and storage on half a million New Zealand homes over the next decade - supported by diverting cash spent on subsidies for the oil and gas industry. The plan, called Solarise New Zealand,\u00a0 would see Government-provided interest free loans for solar panels\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solarise New Zealand - Greenpeace","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/09\/nz-solarise-new-zealand.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/09\/nz-solarise-new-zealand.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/09\/nz-solarise-new-zealand.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/09\/nz-solarise-new-zealand.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":63500,"url":"https:\/\/www.solarquotes.com.au\/blog\/victoria-liberals-solar-batteries-mb2557\/","url_meta":{"origin":4586,"position":5},"title":"VIC Libs Pledge To “Turbo-Charge” Home Solar And Battery Uptake","author":"Michael Bloch","date":"July 18, 2022","format":false,"excerpt":"An elected Liberal\/ Nationals Government in Victoria will build on the state's existing solar power and battery subsidy scheme for owner-occupiers and landlords under its own program - \"Power To The People\". The Andrews Government's Solar Homes program currently offers a rebate of up to $1,400 for solar systems and\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Victorian Liberals - Power to the people","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/victoria-power-people.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/victoria-power-people.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/victoria-power-people.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/victoria-power-people.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/07\/victoria-power-people.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/4586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=4586"}],"version-history":[{"count":3,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/4586\/revisions"}],"predecessor-version":[{"id":4590,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/4586\/revisions\/4590"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=4586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=4586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=4586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}