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.
The New South Wales government has today launched a renewable Renewable Gas Certification Pilot, with the aim of sparking a new energy market for clean gas in Australia.
Western Australia’s Minister for Hydrogen Industry, Alannah MacTiernan, said her state plans to be producing 10 GW of green hydrogen in the next decade, with aspirations of getting to 200 GW by 2040. A parade of other state ministers followed MacTiernan addressing the Australian Hydrogen Conference, each eager to assert that their region will become the country’s hydrogen capital.
Larry Marshall, Chief Executive of the CSIRO, Australia’s national science agency, told Australia’s Hydrogen Conference that he was “highly optimistic” about Australia’s future, saying the country is currently at the “forefront” of hydrogen – a position not often held by our island state and one we must “dig our teeth into.”
A new study commissioned by the Clean Energy Finance Corporation has indicated renewable hydrogen is already approaching cost competitiveness with that produced using fossil fuels but some in the industry have declared the government-owned green bank’s figures are much too conservative.
In the twelve months since its solar systems were installed, Wagga Wagga City Council saved over $46,000. Given the success, the Council tells pv magazine Australia it is now planning an additional 500 kW system.
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