Legislative Assembly for the ACT: 2016 Week 3 Hansard (8 March) . .
MR BARR: I will take that question on notice and provide the instrument to the member.
MADAM SPEAKER: A supplementary question, Mr Coe.
MR COE: Chief Minister, have all the properties that have been purchased been purchased through private treaty or have any been purchased at auction?
MR BARR: I will take that question on notice.
MADAM SPEAKER: Supplementary question, Ms Lawder.
MS LAWDER: Minister, are the criteria and policy used to determine what are appropriate dwellings for purchase publicly available and, if so, where?
MR BARR: I believe so, Madam Speaker. I will find the correct reference for the member and provide that information to her.
MADAM SPEAKER: A supplementary question, Ms Lawder.
MS LAWDER: Minister, which agency is now listed on the title as the owner of these units: Housing ACT, the LDA or some other agency?
MR BARR: It will be an ACT government entity. I will check and provide the member with that information.
MS BURCH: My question is to the Minister for the Environment and Climate Change. Minister, can you inform the Assembly about the opportunities for battery storage in the ACT?
MR CORBELL: I thank Ms Burch for her question. There are considerable opportunities for battery storage for stationery energy here in the ACT. As a jurisdiction committed to 100 per cent renewables by the year 2025 we are very well placed to take advantage of these opportunities.
Storage means, of course, that the intermittency involved with the generation of electricity from renewable energy can be addressed. It can better support the power system. It can reduce the need for augmentation of the electricity supply network through conventional means and it can provide an additional source of income for households that install battery storage.
Energy storage has been described as the coming revolution or consumer tsunami in the energy sector. It has been described as the next big thing by Bloomberg New Energy Finance and by Forbes Magazine. Citygroup estimates that by the year 2030 the global energy storage market will reach 240 gigawatts, representing investment worth over $400 billion globally.
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