Electricity Industry Is Being “Uber’d” By Battery Storage Tech – by Giles Parkinson (CleanTechnica.com – November 18th, 2015)

http://cleantechnica.com/

West Australian energy minister Mike Nahan said the electricity industry is in the process of being “Uber’d” by battery storage technology, which would fundamentally change the nature of the system.

Nahan also announced that battery storage installations in the state would be allowed to export back into the WA grid from December 1, reversing what he had described as a major error from the state-owned electricity utilities.

Speaking at a battery storage conference in Perth, Nahan said it was up to authorities to allow technology to challenge “the existing paradigm” of investment.

“In other words, the electricity industry, like the taxi industry, is getting Uber’d,” Nahan said.

“Technology, innovation, entrepreneurship love monopolies because they love to attack them and that’s what’s happening.”

Nahan’s comments follows those earlier this year when he said that solar would become the dominant technology in the WA electricity market, meeting all daytime demand within a decade and pushing out coal-fired generation.

That represents a major turnaround from the former head of the Institute of Public Affairs, who had a skeptical view of renewable energy, as well as climate change.

For the rest of this article, click here: http://cleantechnica.com/2015/11/18/electricity-industry-is-being-uberd-by-battery-storage-tech/

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