LCOE for li-ion batteries has fallen to $187/MWh — BNEF
Lithium-ion batteries are increasingly posing a competitive threat to coal- and gas-fired generating plants when paired with solar and wind projects in a number of markets throughout the world, without the need for subsidies, according to new research by BloombergNEF (BNEF).
Gas, pumped hydro, coal upgrade win in Federal underwriting scheme, new coal not out of the picture
The Coalition government has shortlisted 12 projects that could be eligible for taxpayer underwriting, and allocated $10 million to study the best way to meet the demand of energy-intensive industries in north and central Queensland. While there is no new coal among the shortlisted projects, the feasibility study promises to examine whether a new coal plant is viable in Collinsville.
Pumped hydro to triple Australia’s storage capacity
A new study from the Australian National University shows that a series of pumped storage projects currently in the pipeline across five states could triple Australia’s electricity storage capacity, and pave the way for more solar and wind.
Australian first climate bond gives investors new access to solar and storage market
In what is described as Australian first climate bond, which gives investors access to new ways to invest in solar and storage, the Clean Energy Finance Corporation (CEFC) has contributed $10 million towards the latest of FlexiGroup’s green bond issuances. The inclusion of energy storage in the underlying asset base is viewed as an important market development.
Hydrogen home storage, refueling hub get financial shot into the arm
Toyota Australia will transform its former manufacturing site in West Melbourne into a renewable energy hub to produce green hydrogen with the help of funding from the Australian Renewable Energy Agency (ARENA). In other hydrogen-related news, researchers at UNSW Sydney with partners H2Store have received a $3.5 million investment from Providence Asset Group to develop a hydrogen residential storage.
Tesvolt wins second international award for WA avocado farm project
German battery supplier and integrator Tesvolt has been recognized by the Alliance for Rural Electrification for its battery 48 kWh project at an avocado farm in Pemberton, in WA’s Southwest. The project integrates the lithium ion system with a 160 kWh saltwater battery and 53 kW solar array – allowing the farm to become 100% self sufficient.
Carnegie Clean Energy gets funding lifeline, solar microgrid subsidiary to be sold or wound down
Following months of uncertainty around its financial position, Carnegie Clean Energy and its fully owned subsidiaries went into voluntary administration last week. In its latest statement to ASX, the renewable energy developer says it has struck a deal with one of its directors to provide funding support while administrators attempt to recapitalize its wave power business.
Horizon Power launches stage two of Onslow microgrid, Senec supplies batteries
Horizon Power, Western Australia’s regional power provider, has commenced the second stage of its Onslow microgrid project, which will provide local residents and businesses with access to low-cost solar and energy storage systems. German storage provider Senec has been chosen to supply batteries to the project.
Batteries stacking up in anticipation of Australia’s May election
Analysis released today by independent energy and consulting firm, Rystad Energy shows an incredible reserve of energy storage has been added to Australia’s ongoing boom in solar and wind projects during the first two months of 2019 — confidence, perhaps, that an energy-transition policy will finally triumph at the Federal polls!
The blockchain club
Open-source blockchain platform Energy Web Foundation has revealed the number of its affiliates has risen from 37 last month to 100. New members include EnBW, Total and the State Grid Corporation of China. The platform was conceived to create an energy-blockchain ecosystem and to accelerate the energy transition.
