Battery prices down 14% this year, says BloombergNEF
BloombergNEF says it has recorded a 14% decline in battery prices this year, mainly due to cheaper raw materials, following an unprecedented rise in 2022.
CATL: Staying on top of the battery game
For the seventh year in the row, China-based Contemporary Amperex Technology Co. (CATL) looks set to claim the title of the world’s biggest battery maker. There are a number of reasons why it continues to maintain its lead in the electric vehicle (EV) and battery energy storage system (BESS) markets.
Aussie green hydrogen: a blueprint to slash carbon emissions and yield billions
Australia stands at the forefront of a remarkable opportunity to revolutionise the reduction of global carbon emissions and potentially reap billions in export earnings. The key lies in harnessing green hydrogen to produce environmentally friendly alternatives such as green steel, ammonia, cement, eFuels and mining explosives.
AGL to put nickel-hydrogen battery tech to test at Torrens Island
Australian energy giant AGL will install a nickel-hydrogen battery at its Torrens Island power station site in South Australia as it seeks to explore the potential opportunities that the technology can provide for stationary energy storage applications.
Rio approves new solar and battery storage project on Cape York
Global mining giant Rio Tinto has approved a new 12.4 MW solar farm and 2.1 MWh battery energy storage system to help power its Amrun bauxite operations near Weipa in far north Queensland.
Acciona presses go on 380 MW Queensland solar farm
Construction of the 380 MW Aldoga Solar Farm being developed near Gladstone on the central Queensland coast is to commence in the first quarter of 2024 with energy generated at the facility to go towards powering the state’s largest green hydrogen project.
Massive solar array installed at Sydney shopping centre
The largest shopping centre solar and battery project in Australia is now producing energy. In Sydney’s south-west airport corridor Narellan Town Centre has just completed the first stage of its solar and battery microgrid.
Australia backs global renewable energy boost
Australia is among more than 100 countries that have committed to triple the world’s renewable energy generation capacity within six years, signing a pledge on the sidelines of the United Nation’s COP28 climate summit being staged in the United Arab Emirates.
Hanwha Qcells shuts down 3.5 GW solar factory in South Korea
Hanwha Qcells has closed its 3.5 GW solar factory in South Korea as part of plans to optimise its PV module production capabilities amid a stagnant domestic solar market.
$220 million bailout so WA coal mine can continue to mid-2026
The Western Australian government has just allocated $220 million to support Griffin coal mine, so operations may continue until June 2026. The funding was announced by Premier Roger Cook and the Minister for Energy, Mines and Petroleum Bill Johnston, who earlier announced he is stepping down from cabinet last week.
