Energy Storage

The sale of renewable energy developer Sun Cable, which is aiming to deliver the world’s biggest intercontinental solar and storage project in northern Australia, has received initial takeover offers from multiple investors, including prospective buyers that aren’t existing shareholders in the project.

On the back of Covid-19 lockdowns, geopolitical energy crises, a cost-of-living crisis and evermore congested cities, some people are looking for alternate ways of living, while others are just looking for an cosy getaway that doesn’t come with a Sasquatch-sized carbon footprint. Enter Stella the Stargazer, a solar-powered holiday destination that makes living off-grid the lap of luxury.

The electric vehicle and storage manufacturer shared insight into its Megapack energy storage business and the Megapack XL, the stationary battery storage product that Tesla says has the highest energy density on the market.

Electricity retailer Zen Energy has announced plans to develop its first utility-scale battery energy storage system after acquiring the 111 MW/270 MWh Templers Battery project in South Australia from UK-based developer Renewable Energy Systems Group.

Investment in financially committed large-scale renewable energy generation and storage projects in Australia ramped up in the final three months of 2022 to its highest level in more than four years but the Clean Energy Council has warned the pace remains inadequate.

Queensland government-owned renewable energy corporation CleanCo has unveiled plans to transform the former coal-fired Swanbank power precinct in the state’s southeast into a clean energy hub with the potential to generate up to 1.2 GW of clean energy.

Australian resources developer Vecco Group has secured state government backing to build a $26 million (USD 17 million) vanadium electrolyte manufacturing facility in the north Queensland city of Townsville with production set to be used in grid-scale vanadium flow battery projects.

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.

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.

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.