Energy Storage

Australian renewable energy tech start-up Okra Solar has raised $3 million to scale up distribution of its solar-based hardware and software solutions and electrify more than 290,000 off-grid homes in Nigeria in the next three years while expanding its operations in Haiti and other countries.

Australian renewables developer Energy Estate is seeking to raise more than $500 million to support its development activities and bankroll the construction of renewable power plants in both Australia and New Zealand.

The Northern Territory’s Desert Knowledge Australia Solar Centre will soon play host to a large-scale battery energy storage system which is expected to facilitate the transformation of the multi-technology solar testing facility into a local microgrid.

A new report shows that renewable energy companies will continue to compete in upcoming auctions in India, undeterred by challenges such as rising materials costs and surging interest rates.

Alsym will produce its new batteries – made of readily available materials, without lithium or cobalt – for electric vehicles, stationary storage, and marine applications.

After a bumpy start, the Victorian government’s Solar Homes Program is now in full swing, lead by strong uptake in Melbourne’s suburbs and the state’s rural north. Meanwhile, demand for batteries linked to rooftop solar has skyrocketed over the last month, spurred by the energy crisis and an especially cold winter.

Solar developers have until July 15 to express interest in developing 105 MW of grid-connected floating solar in the Indian state of Maharashtra.

A couple of weeks ago, Goldman Sachs sent shockwaves through battery metals markets, issuing a prediction that cobalt and lithium in particular were due for a sharp price decline in the next two years. But London-based Benchmark Mineral Intelligence is loudly pushing back, outlining its reasons why it believes the call on lithium was wrong. Meanwhile, US analyst Wood Mackenzie says that the battery raw material chain will remain tight, but notes that recycling could help to ease the supply deficit.

Australian energy giant AGL Energy has announced its leadership of a consortium of industry partners for a feasibility study into whether its Torrens Island facility can become a green hydrogen hub for domestic users and export.

Western Australia’s regional utility Western Power has confirmed plans to install another 4,000 standalone power systems across the state in the next 10 years after reaching a milestone in the rollout of the renewable energy units.