The batteries will be fitted with controls developed by local Canberra company, Reposit Power. Reposit's software aims to increase the performance of the batteries and allows home owners to sell the power they generate on the wholesale electricity market.
Reposit chief executive, Dean Spaccavento, said it helps owners bring down their bills and help stabilise the territory’s electricity system at the same time.
He added that the systems will also help the grid transition toward 100 per cent renewables.
“We are pleased to be offering Canberra residents the most advanced battery control system in the world,” Spaccavento said.
“Reposit is the first to develop a system that allows consumers to participate in wholesale electricity markets. Our battery control learns a household’s electricity usage patterns, gathers weather predictions and monitors the market to help drive down power bills.”
The batteries will be available from local solar and energy storage retailer, SolarHub, which is headquartered in the Canberra suburb of Mitchell.
The ACT Government will contribute about $3000 toward each system. In addition, applicants don't need to have solar panels installed and can receive up to $4000 in Federal Government assistance to put panels on their property.
SolarHub director, Benn Masters mentioned that all up, a household can receive $7000 in government support to build a state-of-the-art solar system.
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“SolarHub is delighted to be at the forefront of the emerging energy storage market and is seeking applicants for the systems,” Masters added.