Wood Mackenzie places Australia fourth on its list of the globe’s top 10 storage markets, coming in just behind Germany, with the US and China unsurprisingly topping the list. The analyst expects the world’s cumulative storage deployments to reach 500 GW by 2031, according to its Global Energy Storage Outlook released today.
International mining giant BHP has pushed forward with its first large-scale off-grid renewable energy project, installing the first solar PV panels at a 10.7 MW solar farm that will help power the company’s estimated $1 billion Nickel West mining operation in regional Western Australia.
In other news, German energy company Uniper said it will test a new salt cavern built for hydrogen storage, while Serbia and Hungary signed a memorandum of understanding to collaborate on renewable hydrogen.
The panel has an absorption area of 1.96 m2 and a weight of 27 kg per square metre. According to the manufacturer – Swiss start-up TVP Solar – it may be a real booster for thermal output, by combining it with photovoltaics and heat pumps to provide enhanced output per square meter, in particular for low-temperature applications such as district heating.
South Australia’s 150 MW / 193.5 Hornsdale Power Reserve, more commonly known as the Tesla Big Battery, will now provide inertia services to Australia’s National Electricity Market after securing approval from AEMO. Neoen says it is the first big battery in the world to deliver the service at such a scale.
No two projects are alike, and sharing the lessons learned from working on these highly complex systems can help accelerate the deployment of energy storage with essential clean energy assets.
Melbourne’s Monash University will conduct a $1.18 million study into alternative market designs which better support energy storage technologies and drive clearer investment signals.
The Australian Capital Territory government has firmed its commitment to deliver one of the largest battery storage systems in the Southern Hemisphere to support Canberra’s energy grid and the continued uptake of renewables with funding allocated in the upcoming budget to progress the Big Canberra Battery project.
Having established a strong foothold in the Australian market with its solar PV panels, Chinese manufacturer JinkoSolar is now seeking to expand its influence in the energy storage space with the launch of its modular Suntank home battery storage system.
Australian energy major AGL has announced that Victoria’s largest hydropower scheme will undergo a $40 million expansion in a move designed to improve energy security and help support the state’s continued uptake of renewables.
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