Trans-Tasman insurance company Suncorp says the heightened levels of fire risk that come with the growing use of lithium-ion batteries is pushing premiums up.
The proposed battery energy storage systems would provide long-duration storage across two battery systems at three sites in Queensland and New South Wales.
The seven to 10-year revenue swap arrangements will support projects in four Australian states, and brings 3.5 GWh in deals done just this week by Pacific Green.
UK-based battery developer Pacific Green has entered into an agreement with Australian energy retailer Zen Energy for 10-year tolling arrangements across three of its planned battery energy storage system projects.
The eight-hour battery energy storage system would add 250 MW / 2,000 MWh storage, one of the world’s largest batteries, to a 335 MW wind farm.
Enphase Energy has introduced its fourth-generation energy system with the new 7.08 kW IQ Battery 10C, which offers 10 kWh of usable energy. The battery expands the company’s storage portfolio and is made with United States components by a contract manufacturer.
Australian renewables developer North Harbour Clean Energy has secured early-stage funding for two large-scale battery energy storage projects in New South Wales.
GoodWe has released its BAT series battery cabinet for small to mid-scale commercial projects, with two capacities at launch at 102.4 kWh and 112.6 kWh, and outdoor use in mind.
New data from Rho Motion shows that more than half of June’s battery energy storage installations were concentrated in China, maintaining the country’s dominance in the global energy storage market.
A battery energy storage system of up to 1 GW and 8 GWh capacity has been given the green light for northern New South Wales after securing environmental approval from the federal government.
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