As the Australian Energy Market Commission rifles through submissions on its reform package proposal, the Commission’s Chief Executive, Benn Barr, tells pv magazine Australia about some of the “profound changes” which have been overlooked and why he thinks two-way pricing is crucial.
State-owned electricity generator Stanwell has secured land in Aldoga, west of Gladstone, to build a large-scale 3 GW hydrogen electrolysis plant as part of its partnership with Japan’s Iwatani Corporation, well established in the hydrogen production industry.
Australia’s national science agency, the CSIRO, and the Australian Energy Market Operator have found even when factoring in additional ‘integration’ costs such as storage and new transmission infrastructure, solar and wind continue to be the cheapest sources of new-build electricity generation in Australia.
South Australian transmission company ElectraNet on Monday announced it will invest $457.4 million to deliver the its section of the Project EnergyConnect, the high-voltage electricity transmission interconnector between South Australia and New South Wales.
The Queensland government has today announced $22 million for detailed design and cost analysis for a new pumped hydro facility at Borumba Dam, west of the Sunshine Coast.
Australian technology company RayGen Resources has received funding to build a 3 MW/50 MWh ‘solar hydro’ power plant. Described by ARENA as the “first of a kind,” it is being lauded as one of the largest and lowest cost storage projects undertaken in the country. Energy giant AGL has also come onboard and will assess whether the technology would be suitable for its soon-to-retire Liddell facility.
Australia’s single axis tracker market has been deemed “highly concentrated” with just two companies, Nextracker and Array Technologies, commanding 77% of the market, the equivalent of 5.8 GW AC, according to analysis from Rystad Energy RenewableCube.
New South Wales’ Productivity Commission has called on the state to reform its energy and water regulations, among other recommendations, in the White Paper report published this week.
Chief Executive of the Australian Renewable Energy Agency, Darren Miller, says he envisions a future where Australia will produce up to ten times more clean electricity than the country requires to become a “shining example of what is possible if you have the right ingredients and the right ambition.”
Western Australia-based oil and gas company Prominence Energy has become the latest fossil fuel company to enter the hydrogen market by acquiring a 20% stake in Patriot Hydrogen.
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