Energy Storage

State and federal energy ministers have given a tick of approval to the National Hydrogen Strategy prepared by chief scientist Alan Finkel and voiced support for a $370 million fund for green hydrogen projects. Against high expectations of the country’s hydrogen export potential, a report finds that Australia has overhyped the potential demand for hydrogen exports by a factor of up to 11.

Under the Electricity Strategy released on Friday, the NSW Government has unveiled a plan to deliver Australia’s first coordinated Renewable Energy Zone in the Central-West, seeking to support the new generation needed to get energy bills down. The administration has also pledged to give NSW one of the world’s highest reliability targets to cope with the changing electricity mix and unexpected generator outages.

In late September, Western Australia’s government-owned electric utility registered an approximate AUD 657 million ($442.8 million) loss – much of it attributed to asset and contract writedowns. However, the utility was quick to blame rooftop PV for eating into its revenues, while fixed costs remained unchanged or increased. Revenues for the utility were down 4.7% for the year, to AUD 2.8 billion.

The renewables investment arm of Octopus Group is seeking to raise up to £250 million ($475 million) through a major initial public offering for investment in onshore wind and solar assets in Europe and Australia. It aims to invest in already operating, in construction and construction-ready assets.

The possibilities presented by hydrogen are the subject of excited discussion across the world – and across Australia’s political divide, notoriously at war over energy policy.

The Sydney-based developer has received credit approval to fund two of its solar projects. The announcement comes only days after Genex resumed trading on the Australian stock exchange in the wake of the Northern Australian Infrastructure Fund’s decision to extend offer of funding for the 250 MW Kidston pumped storage hydro project.

There’s no shortage of action in the New South Wales renewable-energy scene, with some 19.4 GW of large-scale renewable energy projects approved or progressing through the planning system, and around 2.5 GW of grid-scale solar under construction. Plus there’s 2 GW of generation and 175 hours of storage planned for the pumped-hydro project known as Snowy 2.0 – and that’s just what’s happening at the big end of town.

New analysis from recruitment firm Robert Walters shows continued growth in the renewables sector is bringing continued growth in wages along with it.

The California-based energy technology company has integrated with GreenSync’s Decentralized Energy Exchange (deX), making it possible for its customers to get more value out of their distributed energy assets and help the grid manage the challenges associated with the rapid penetration of intermittent renewables.

Distributed energy producer EDL has officially opened a 23 MW power station that integrates solar with gas and diesel generation to power Gold Fields’ Agnew Gold Mine in Western Australia. The project is part of an innovative hybrid microgrid, which will later add a wind array and battery storage.