Australian state governments of Western Australia and the Northern Territory have budgeted for measures to support renewables in the past few days, primarily through supporting batteries at large-scale, residential and community level.

“The bottom line is that this is a good business decision. We will get back our money in eight to 10 years at the current price of power. As the price of energy goes up, we’ll pay it back even quicker.”

Calgary-headquartered Eguana Tech has joined high-profile rivals like Tesla and Sonnen in targeting South Australia’s residential energy storage market, announcing it has become eligible for the state’s incentive programme.