EcoRadio

Tag: biosolar

  • Home power generation now cheaper than the grid

    Home power generation now cheaper than the grid

    Biosolar's Leigh Storr
    Leigh Storr correctly predicted rooftop solar would undercut grid connections in 2016

    Storing electricity generated during the day for use overnight could save householders one quarter of their electricity bill, an article in New Economy claims this week. The exact saving depends on the level of government rebates and electricity charges and feed in payments. Both storage and generation solutions for domestic electricity continue to develop rapidly with a wide range of batteries available for the home and new photovoltaic roof tiles from Tesla, that make the entire roof a giant electric cell. Solar providers have been claiming for some time that the cost of local generation would eventually drop below that of the grid. That point has been reached.

    How battery storage can cut home electricity bills by one quarter

    The combination of PV+battery+grid is $123 per year cheaper than the cheapest grid-only offer ($1,645 per year) and $449 lower than the median grid-only offer. In other words, our typical 4,800 kWh household can beat all contemporary grid-only offers by installing a PV+battery system and selecting the best retail offer to provide their residual grid consumption and to export their PV production surplus.

    http://reneweconomy.com.au/battery-storage-can-cut-home-electricity-bills-one-quarter-73736/

    http://westender.com.au/capital-growth-constraint-biosolar/

    https://www.tesla.com/solar

     

  • Solar panels and batteries to be cheaper than the grid

    Solar panels and batteries to be cheaper than the grid

    Biosolar's Leigh Storr
    Leigh Storr predicts rooftop solar will undercut grid connections in 2017

    Young Entrepreneur of the year, Leigh Storr, is pleased to be in the fastest growing sector of the fastest growing industry.

    “The only constraint on our growth, right now, is a lack of investment capital,” he told Westender.

    “In America investors would be throwing money at a company like BioSolar, in Australia, the financial institutions see rapid growth and call it risk.”

    According to Storr, the secret to his growth is high-quality panels, components and installations and a focus on affordability. He achieves that by providing customers with a payment plan to keep up-front costs down, and rigorous attention to cashflow in his business.

    “Many solar companies are selling incentives and are vulnerable to the whims of government policy. As governments slash incentives, our business has soared.”

    He explains that customers have simply done the numbers on their power bill.

    “If power prices continue to rise at 12.5% p.a. over the next ten years, the average Australian will spend an entire year of their work life, just paying for electricity.”

    BioSolar now employs over 400 people and has invested in a workplace culture that has earned it the nickname ‘Google of the Gabba’. It has a vegan cafe, cinema and gym on premises and an independent yoga studio on-site. The company has a major operational centre in Darra and offices in NSW and Victoria.

    Storr believes the current focus on propping up the fossil fuel industry will cost the Australian economy dearly as other countries shift to cheap, distributed energy and unleash innovation.

    Before the end of the year, BioSolar will be selling low cost battery technology and generators that will allow homes and businesses to be independent of the grid (see sidebar on Guerilla Disconnection).

    He points to companies like Google in the USA who are independent of the grid, precisely because they need to guarantee their electricity supply and control their electricity costs.