Energy Storage

Australia’s federal government has pledged a further $275.5 million to develop regional hydrogen hubs and $263.7 million for carbon capture and storage technology in a pre-budget announcement ahead of the climate summit on Thursday.

International developer Frasers Property Group, which owns Australian-based Frasers Property Australia, has secured a $300 million sustainability linked loan with $75 million provided by the Australian government. The loan will see innovative clean energy technologies installed two Australian industrial projects in New South Wales and Victoria.

New research from Singapore has found that gas pipelines for the onshore transport of green hydrogen and the cables for the transport of electricity to produce it at a distant location have similar costs at a 4000 km transmission distance. For longer distances, gas pipelines were found to be cheaper than cables, although the electric lines are said to benefit from scaling up and higher utilisation. For both options, however, a currently too high hydrogen LCOE remains the biggest barrier to overcome.

AGL is transforming its operations in a number of ways, from restructuring the company itself, to building energy storage facilities for flexible distribution of renewable energy into the future.

Australia’s most renewable state has signed a joint funding deal with the Commonwealth Government that hypes gas production, and downplays its considerable renewable-energy benefits.

Annual battery storage installations will exceed 10 GW/28 GWh in 2021, following a particularly strong year in 2020, despite the challenges created by the global pandemic, writes IHS Markit analyst Mike Longson. Combined solar and storage will be a core focus for new deployment in 2021, as the front-of-the-meter and behind-the-meter energy storage markets are both expected to grow significantly in the months ahead.

The carbon market is finally a reality in China. After 10 years of delays, regional pilot schemes and general uncertainty, China’s national carbon market became a reality on Feb. 1, 2021. Over time, the scheme is expected to support China’s gradual shift away from coal toward more solar and wind in power generation.

SCA Property Group has revealed plans to commence installing solar PV energy systems on the rooftops of some of its $3.5 billion shopping centre portfolio as it looks to establish itself as one of the biggest renewable energy generators in the Australian retail property sector.

The Australian arm of German renewable energy specialist juwi has added another off-grid solar PV project to its burgeoning portfolio, announcing it will construct a 13 MW solar farm at the site of the Gruyere gold mine in Western Australia.

Australia’s transition to renewable energy continues with developer ARP Australian Solar pushing ahead with plans to establish a 70 MW solar PV and battery energy storage project on the outskirts of Morwell in the heart of Victoria’s coal country.