Energy Storage

Australian renewable energy developer Genex Power has entered into agreements with Japanese electric utility J-Power to receive a multi-million-dollar funding package that will support the delivery of its 2 GWh pumped hydro project in northern Queensland and the development of the 2 GW Bulli Creek solar and battery project in the state’s southeast.

The South Australian government is calling for input from industry and consumers to help it determine what role rooftop solar, batteries, electric vehicles, green hydrogen and other renewable technologies will play in its future energy system.

The Australian government’s green bank has tipped $100 million (USD 66 million) in to help fast track the development of the 850 MW/1,680 MWh Waratah Super Battery Project that is set to play a significant role in the nation’s shift from coal-fired generation to renewables.

New South Wales will be the test bed for the Commonwealth-funded Capacity Investment Scheme with the federal government to underwrite investment that will help deliver almost 1 GW of firmed renewable energy capacity to support the state’s rapidly changing energy market.

George Hilton, research manager at S&P Global, spoke to pv magazine at the recent Intersolar 2023 trade show about the latest energy storage trends. He said the industry needs easy-to-install products and more efficient supply chains, and noted that battery prices are highly volatile because they fluctuate in response to changes in the dynamic Chinese electric vehicle market.

Over the next five to 15 years, batteries will undercut the business case for major transmission and interconnector projects. These assets will nonetheless likely be built, decreasing price spreads and eating into the revenues of batteries, solar and storage analyst Warwick Johnston predicts.

Genex Power has energised its 50 MW/100 MWh Bouldercombe Battery Project on Queensland’s central coast, saying the storage system will be operational before summer.

Decarbon Venture, a startup cofounded by an outback-living Australian entrepreneur, has launched what it claims to be the world’s first “swappable” solar generator at half the weight and double the power rating of other products on the market.

A panel of experts debated how plausible it is for Australia to enter the battery manufacturing space, and acting-CEO of one of the only companies to produce lithium hydroxide in Australia, IGO, discussed the acute challenges of setting up a refinery onshore during the WA Renewables and Critical Minerals Superpower Summit on Monday.

In two to three years, the number of DER control devices plugged into Australia’s national grid are predicted to hit critical mass, bringing with it the potential for wide-scale ramifications in the event of a successful cyberattack. The second in a two part series, pv magazine Australia outlines what the consequences could involve.