Distributed Storage

A ceremony was held today in WA’s South West to mark the commencement of construction on what is said to be Australia’s biggest lithium processing plant. The $1 billion facility is being developed by U.S. company Albemarle and targets 100,000 tonnes of battery-grade lithium hydroxide a year.

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).

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.

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.

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.

Australia already boasts one of the biggest pipeline of virtual power plant (VPP) projects. From big utilities to state governments, initiatives to orchestrate distributed energy resources that help support the grid have proliferated in recent years. Marija Maisch takes a look at Australia’s VPP ecosystem and how market players see it.

The electric carmaker has signed 12-month credit agreements with three of China’s ‘Big Four’ lenders as well as the development bank for Shanghai as it aims to get its lower-priced Model 3s rolling off the production line by the end of the year.

Professor Thomas Maschmeyer and his team of researchers at Sydney Uni spin-off Gelion Technologies have developed a scalable, inexpensive zinc-bromine battery, they say is safe for home storage, remotely serviceable for far-flung solar installations, and cool under pressure.

In May 2018, oil giant Shell invested in German manufacturer Sonnen. Now the 112-year-old company wants to fully acquire the business, subject to Germany’s monopoly authorities. Sonnen said it hopes the deal will accelerate its growth by expanding its market reach and capacity.

A Dutch start-up has designed an electric vehicle that runs solely on solar energy, and aims to deliver its first models next year. The car will also be available to lease.