Energy Storage

A slump in demand would weigh more heavily on the storage industry than a temporary production shutdown and IHS Markit analysts say that is where the risk lies, rather than with a temporary shortage of battery cells. A similar prediction has been made for the PV market.

As Australian governments ready and implement economic stimulus and recovery packages in the face of the Coronavirus outbreak, the Clean Energy Council is calling on them to back renewable energies. Clean energy can stave off economic impacts and pave the road to recovery.

The impact of COVID-19 will leave its mark on our society and economy while a sliding Australian dollar is likely to make imported goods more expensive. In its webinar held on Thursday, the Smart Energy Council is discussing business tips on how to weather the storm over the next six months. And a question arises: Can residential and commercial solar and storage buck the trend against the economic recession which is on the way?

The Australian Government and the Australian Renewable Energy Agency (ARENA) are set to fund RayGen Resources Pty Ltd (RayGen) to the tune of $3 million toward a feasibility study for a 4 MW “solar hydro” power plant in north-western Victoria.

Byron Bay’s Smart Energy is seeing an unprecedented surge in sales and enquiries of solar and home storage as consumers look to shore themselves up in uncertain times.

The Canadian battery manufacturer has announced an investment from Japanese Itochu Corporation and got closer to integrating Moixa GridShare AI with its Evolve batteries.

An ARENA-backed trial run by ACT network operator Evoenergy in partnership with French power electronics specialist Schneider Electric and Melbourne-based energy tech company GreenSync will research and test the effect that the integration of distributed energy resources is having on Canberra’s increasingly decentralized energy grid.

A report by Norwegian energy consultant DNV GL has considered the opportunity for long-term energy storage to play a role in balancing annual supply and demand fluctuations in a renewables-led grid. Using 58 years of Dutch weather and energy consumption data, the study found long-term solutions such as green hydrogen could make a valuable contribution – but perhaps not as much as some analysts believe.

In its world-first application, hydrogen energy storage technology developed at UNSW Sydney will be installed in the regional town Manilla, which is set for one of Australia’s major community-owned solar farms. The storage deployment will be backed by an NSW government grant as part of a funding round that has awarded seven solar and battery community projects across the state.

The South Australian Government’s subsidy under the $100 million Home Battery Scheme will have its first planned reduction in five weeks’ time.