South Australia launches sweeping residential energy storage program

By on December 31, 2020

first_imgSouth Australia launches sweeping residential energy storage program FacebookTwitterLinkedInEmailPrint分享Renew Economy:South Australia’s Liberal government officially opened the country’s biggest support scheme for household battery storage, with up to 40,000 homes able to access grants and low-interest finance for both battery storage and new rooftop solar installations.The $200 million scheme – half in grants and the other half in loans provided by the Clean Energy Finance Corporation – delivers on a pre-election promise from the newly elected Marshall government, but is heavily modified after the then Labor government proposed a similar scheme, but with more focus on low-income housing and more connection between installations.South Australia – as most people are aware – is leading the country and possible the world in terms of penetration of wind and solar, with more than 50 per cent of its generation coming from these variable resources, and the Australian Energy Market Operator predicts that share could rise to near 100 per cent by 2025.While much of the focus has been on the state’s large-scale renewable investments, the state also boasts the highest penetration of rooftop solar, with more than 930MW, and this is starting to have an impact on the way the grid is managed. Rooftop solar is now providing up to 45 per cent of generation at certain times of the day, and the growing amounts of solar could push that grid demand to zero in coming years, causing AEMO to look for ways to try and “orchestrate” this resource for the overall benefit of the grid.The scheme could add up to 400MWh of storage to the grid – not quite four times the size of the 100MW/129MWh Tesla big battery next to the Hornsdale wind farm that has dominated interest from operators and market players – and this could time shift the output of solar, and provide essential grid services.More: South Australia opens biggest household battery storage support schemelast_img read more

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Engaging cardholders in the age of digital payments

By on December 17, 2020

first_img 13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr According to, mobile payment revenue will top $1 trillion in 2019, up from $450 billion in 2015. Clearly, advances in mobile and digital tech are redefining payments. And the way members use your cards may never be the same.Here are five things your credit union needs to know in the age of digital payments:To members, “card on file” means “set it and forget it.”“Credit unions should incentivize members to establish their card as the default payment option across merchant apps and websites,” said Jennifer Kerry, VP/credit card services for CO-OP Financial Services. “Consumers typically only replace their default cards if there is an issue—which  means if your card is not loaded into a member’s Starbucks app, you may never help buy that member a cup of coffee again.”Future payments will be increasingly automated.Emerging in-store payment technologies are making it even more important for your cards to be “on file.” Imagine your members walking into an Amazon Go store, selecting their goods and leaving—without visiting a cashier or interacting with a terminal—and without giving one thought as to which card they placed on file. That is where payments are headed. continue reading »last_img read more

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