Next acquisitions for Octopus Australia’s new investment platforms revealed
The investment platforms from Octopus Investments Australia are set to acquire three new projects in the coming months in Queensland, Victoria, and New South Wales. Launched in 2022, the OREO and OASIS platforms “allow wholesale investors and mums and dads to invest alongside big institutional investors and get access to big projects in Australia,” Managing Director Sam Reynolds told pv magazine Australia.
Weekend read: Dawn of the store-age
Last year was another landmark 12 months for energy storage, with all indicators pointing to a massive surge in demand. Supply chain instability and inflation saw battery prices rise, but the industry demonstrated an ability to swiftly react to geopolitical developments. Marija Maisch examines five trends driving the market.
Solar and storage provides energy solution for South Australian town
The remote town of William Creek in outback South Australia is now being powered entirely by solar backed by a battery energy storage system after the switch was flicked on a 200 kW PV array that eliminates the need for diesel generation.
Shell Energy delivers battery-backed renewables solution for NSW
The Australian renewables and energy solutions arm of global energy Shell is finalising the installation of a solar-powered virtual power plant featuring battery energy storage systems deployed across 16 New South Wales government buildings.
NSW welcomes a fresh cohort of solar schools
A new cohort of 18 New South Wales (NSW) public schools will receive solar and battery energy storage systems in the latest round of the NSW government’s Smart Energy Schools Pilot Project.
SwitchDin plots DER testing lab to help tackle clean energy transition
Australian energy management software company SwitchDin has announced it will build the Southern Hemisphere’s largest lab dedicated to researching and testing distributed energy resources at its headquarters in the New South Wales Hunter region.
EVO Power, Evergen partner to optimise C&I batteries
Australian energy storage systems provider Evo Power has teamed with battery optimisation technology provider Evergen in a move which aims to make it easier for commercial and industrial-scale battery customers to optimise and monetise their assets.
Tesla slashes Powerwall price
After consistently raising the price of its Powerwall home battery system since 2018, Tesla has finally dropped its recommended retail price to $14,599 (USD 9,818), a substantial $1,631 reduction.
Mike Cannon-Brookes among Infradebt’s big battery investors
Atlassian CEO Mike Cannon-Brookes’ family fund Grok Ventures is among the initial investors in Canberra-based Infradebt’s Energy Transition Fund. The fund will finance six to eight grid-scale battery projects with a total capacity of up to 2 GW.
Powercor supports more rooftop solar with new neighbourhood battery
The solar ambitions of residents in the western Melbourne suburb of Tarneit are now underpinned by a neighbourhood battery. Victorian network service provider Powercor connected the 120 kW/360 kWh energy storage system to its network to make the most of the strong rooftop PV penetration in the area.
