Morgan Stanley bullish on battery storage market in Australia

“Investment bank Morgan Stanley has painted a bullish outlook for the home battery storage market in Australia, saying it could be worth $24 billion, with half of all households likely to install batteries to store the output from their solar panels.” (Renew Economy). Morgan Stanley writes “Battery adoption should follow solar adoption patterns (literally and figuratively) which, in our view, suggests a market of about 2.4m NEM households. We think there will be strong interest in household solar and battery products, which transfer value away from the incumbent merchant utilities.” Morgan Stanley says “we think Australian incumbents are at risk of losing market share to new entrant disruptors.” The bank estimates that Origin and AGL could see reductions in earnings before interest and tax of up to $100 million in 2020, as consumers choose to store the output from their solar arrays in battery storage.” (VIEW LINK)


1 stock mentioned

The Livewire Equities feed brings you a range of insights that relate to Australian equities

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.