French-backed renewables and storage developer TagEnergy is a step closer to building a 300 MW / 600 MWh battery that is to help maintain grid stability in north Queensland after the local council provided a green light for the project.
Reconfiguring Australia’s residential off-peak hot water systems to consume electricity when renewable generation is at its peak could help minimise the more than 4,000 MWh of large-scale solar and wind generation that is being curtailed in the National Electricity Market annually.
Australia’s roll out of rooftop solar has climbed to a record high with households and businesses bolting on almost 302 MW of generation capacity in July, up 23% on the previous month.
Byron Bay-founded supplier and installer of residential rooftop solar and battery systems Smart Energy has been snapped up by Japanese appliance maker Rinnai Corporation as it seeks to establish a “robust presence” in Australia’s renewable energy sector.
The Australian Energy Regulator has approved final costs for the next stage of Transgrid’s multi-billion-dollar Humelink transmission project but slashed the budget for the construction of the 500 kV line by more than $3 million.
Marinus Link has locked in a 2030 completion date for the high-voltage Tasmania-Victoria power interconnection project after signing a deal worth more than $1 billion with the world’s largest cable maker.
New South Wales distribution network service provider Ausgrid has powered up a 160 kW / 412 kWh battery energy storage system in the eastern Sydney suburb of Bondi, describing it as a “fundamental shift” in the evolution of community batteries.
Australia has firmed as the world’s fourth-largest market for utility scale batteries with new data from research consultancy Rystad Energy revealing that almost 3 GW / 8 GWh of battery energy storage projects have started construction in the first seven months of 2024.
Libra Energy has unveiled its first major Australian renewables project, announcing plans to build an 850 MW / 3,400 MWh battery energy storage system in southeast Queensland to help soak up excess solar energy and stabilise the grid supply and demand during peak hours.
Renewable energy and battery storage developer Fotowatio Renewable Ventures says it has raised more than $1.2 billion in new debt finance for its Australian clean energy assets, including its first standalone battery project planned for Victoria.
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