Environmental impact on New Zealand
Energy storage – a shift to renewable energy
Efficient, clean and cost-effective storage of electrical energy is critical for the energy transformation to renewable energies, which is needed for climate change mitigation and to build a resilient and prosperous society. Solving the battery management problem is an important component in achieving this vision. It is estimated that batteries could enable 30% of the required reductions in carbon emissions in the transport and power sector.
Environmental impact on New Zealand
With about 90% of New Zealand’s electricity being renewable and 67% dependent (wind and solar) on increasingly volatile weather due to global warming, battery storage will play an increasingly critical role in the economy.
The economics of domestic solar storage currently rely on naive estimates of battery lifespan. The technology developed by the Waikato Battery Team will give confident reporting of both charge and remaining life, enabling reliable budgeting and reduction of material waste.