Lithium Valley (2018)

8.5 The long-term values for WA There are many advantages for WA to continue the support and development of renewable energies such as: ● ● Comprehensive, major, long-term and socially responsible economic growth; ● ● Foundation for a major strategic research and development sector based upon New Energy metals, relatively unaligned, with subsequent international value; ● ● The opportunity to enhance product range and value by introducing new economic values due to the paradigm change of portable energy. Figure 29: Comparing actual and projected demand for solar with projected battery storage demand in the Western Australian market 29

Western Australian solar and battery home and utility capacity projection SolarHome MW Solar Utility

700

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000

600

Battery Home MW Battery Utility MW

500

Battery Total Solar Homes Battery Homes

400

300

200

100

0

Source: Solar Homes and Community Plan; Clean Energy Regulator Small scale Technology Certificates; Future Smart Strategies (24 April 2018)

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