In Australia, a Home Battery Boom Has Helped Cut Wholesale Power Prices in Half

A little more than one year ago, Australia rolled out a program to heavily subsidize home batteries, part of a larger effort to make use of the huge volumes of solar energy that were going to waste. On Friday, officials announced that more than 500,000 batteries had been installed under the plan, helping to slash wholesale power prices roughly in half. Read more on E360 →