Distributed Storage

A group of Australian investors led by venture capital fund Square Peg has backed the Melbourne-based start-up which aims to revolutionise the way Australian households buy electricity by passing through wholesale rates.

A new report from the Clean Energy Council (CEC) shows investment in renewable energies is slowing down to levels not seen since the prime ministership of Tony Abbott as a result of policy uncertainty and mounting regulatory challenges.

An Australian thermal energy storage company has reached in principle agreements to pilot thermal batteries in the telecommunication and eco-housing industries.

On August 9, a thunderstorm caused 1.5 GW of generation capacity to go offline within seconds in the U.K. The incident caused millions of households to temporarily lose power but the situation could have been considerably worse if not for the country’s battery storage reserves.

Distributed energy producer EDL has taken a top gong at the 2019 Asia Power Awards in the Environmental Upgrade of the Year category, recognition for the success of its Coober Pedy Hybrid Renewable Project.

The Distributed Energy Resource (DER) laboratory “DER-Lab” will provide an environment for safe testing of new technologies including monitoring and communication devices, smart controllers, aggregation (e.g. Virtual Power Plant), market participation software and other innovative new products.

Universities from South Australia to Queensland are embedding renewable-energy technology in their operations and teaching. Last week, the University of the Sunshine Coast in collaboration with Veolia introduced a cold-water tank — effectively a 7 MW battery — to the range of innovative options for reducing electricity costs and the carbon footprint of large, energy-hungry institutions.

ANZ has extended its collaboration with the Clean Energy Finance Corporation, committing to facilitating a further $100 million of finance to help Australian businesses cut energy costs and reduce carbon emissions. Under the scheme, the bank is offering financial discounts for upgrades and new investments in solar PV, energy storage, EVs and other technologies.

A report produced by an AI and automation market research company says an anticipated boom in the European storage market – driven by a desire to reduce carbon emissions – will attract producers as demand outside China tails away.

The Brisbane-based energy storage manufacturer has raised $4.75 million in Series A funding from the Queensland Government Business Development Fund and Australian institutional and family investors.