World-first energy storage system

ZEN Energy Systems has launched a world-first energy storage system that will enable customers to store and access power 24 hours a day.

The company’s Freedom Powerbank was unveiled at the All Energy Conference in Melbourne, in a presentation attended by South Australian Premier Jay Weatherill and Innovation Minister Tom Koutsantonis.

First announced in April, ZEN anticipates the units, which are undergoing final testing with SA Power Networks, will be available on the market by January.

Assembled in Adelaide, the Freedom Powerbank will use a computer-controlled battery storage system to capture energy produced from wind, solar or the grid during low-demand periods, allowing it to be re-used later.

“This technology is a game changer for the renewable energy industry and has the potential to change the way individuals and communities use electricity in the future,” ZEN chief executive Richard Turner said.

Developed in partnership with American company Greensmith Energy Management Systems, ZEN plans to release four models suitable for residential, business, utility and remote community use.

The residential model, capable of storing 20 kilowatts of energy, is expected to cost about $30,000, while ZEN hopes its utility-sized units will offer a solution to power companies trying to meet spikes in electricity demand.

“By utilising a battery storage solution, ZEN is providing utilities with an option to defer expensive infrastructure upgrades and improve reliability of supply,” Turner said.

ZEN said it expects the units to increase its turnover by $8 million within three years and double its workforce.

Clean Energy Council deputy chief executive Kane Thornton said increasing use of energy storage can help to meet peak electricity demand, one of the main causes of power price rises.

“It is fantastic that a local company has had the foresight to develop their own innovative energy storage technology,” he said.

“The Freedom Powerbank will give customers more choice when it comes to dealing with rising power prices.”

Premier Jay Weatherill said companies such as ZEN were helping to position the state at the forefront of advanced manufacturing and renewable energy technology.