Energy Storage

Indonesian remote islands are increasingly resorting to solar-plus-storage to cover most of their electricity demand. According to new research from LUT University, combining PV with batteries may help islands to cover around 60% of demand with renewable energy.

Global efforts to build energy and transport systems based on lower-emission sources are expected to drive Australia’s mining and energy export revenues to record highs of more than $400 billion for a second consecutive year.

With the spike in global energy prices sparking increased interest in renewable technologies, the Royal Automobile Association of South Australia has expanded its solar PV and battery energy storage offerings through the acquisition of Adelaide-based installer Living Energy and Lovell Electrical.

India’s Sanvaru is expanding its lithium battery production capacity to 400 MWh per year by setting up a new factory in the Indian state of Uttarakhand. Its devices are used for stationary and EV storage.

Queensland government-owned energy generator Stanwell has revealed plans to a build a massive 1.45 GW/2.9 GWh battery storage system alongside the coal-fired Stanwell Power Station in central Queensland as the state government looks to ramp up energy storage capacity to support the transition to renewables.

Australian miner Liontown Resources has declared the way is now clear for construction to commence on its $545 million Kathleen Valley Lithium Project in Western Australia after inking an offtake agreement and $300 million financing facility with global car manufacturing giant Ford Motor Company.

Australian software company OpenSolar has expanded its partnership with fintech lender Plenti Group to give Australian solar installers the option to offer customers access to zero-interest payment plans in a bid “to make solar accessible to more people as quickly as possible”.

The quickening exit of coal-fired generation from Australia’s energy mix – with 60% of capacity expected to be withdrawn from the National Electricity Market by 2030 – has emphasised the need for significant investment in renewable energy generation, storage, transmission, and system services.

The Australian Energy Market Operator has declared approximately $12.7 billion of investment in new transmission lines should begin “as urgently as possible” to accelerate the transition to renewable energy and energy storage, replace exiting coal-fired power plants, and deliver a more efficient and effective grid in eastern and south-eastern Australia.

The operator of the 150 MW/193 MWh Hornsdale Power Reserve in South Australia has been fined $900,000 after being sued by the Australian Energy Regulator for failing to deliver on its promise of providing services essential to maintaining the stability of the power grid.