Energy Storage

Hybrid energy systems are blooming in Australia’s remote locations, as renewables are increasingly partnered with gas or diesel to advance the greening of desert industries and communities that operate far from the grid.

With a state election looming and a Liberal Opposition eager to embrace renewables, Western Australia’s McGowan government has announced a $259 million renewables-focussed package in a bid to retain power and primacy in the progressive space.

Renewables developer Neoen has released its 2020 results, announcing an 18% increase in revenue from 2019, a significant portion of which materialised from its Australian assets including the Hornsdale big battery.

The Australian Energy Regulator has released its Default Market Offer for 2021-2022, and it is another fall in electricity prices, especially if you live in South Australia, New South Wales or south-east Queensland. The regulator says one of the main factors driving the now continuous fall in electricity prices is the investment in renewables, in particular the estimated uptake of rooftop solar.

The Australian Energy Market Operator’s second State of the System update, a sort of ‘Around-the-Grounds’ of the National Energy Market, has revealed that 2020 set new records for both number of new projects connected and new megawatts of generation.

The Ranger Uranium Mine, completely enclosed within the World Heritage-listed Kakadu National Park, ceased production in January 2021 after years of financial losses. Now, as part of a multi-million dollar rejuvenation of the Park, a solar and battery storage hybrid project is set for development at the town of Jabiru, a project which will help the town replenish itself as a tourist hub for one of Australia’s greatest treasures.

New South Wales network operator Ausgrid yesterday launched its first community battery in Beacon Hill, north of Sydney. It is one of three community batteries being installed across Sydney allowing solar customers to store their extra energy at no additional cost.

With 7,600 residents and many more travellers recharging at its holiday properties each year, Ingenia Communities Group is set to lead the retirement and affordable-travel-accommodation sectors towards solar uptake following a major investment by the Clean Energy Finance Corporation.

Debt financing services from Bank of China, Commonwealth Bank of Australia, and Westpac, have brought the first 400 MW stage of the New England Solar Farm to financial close, a massive milestone for massive hybrid project.

Enova Community Energy have confirmed clean energy giant Tesla will supply the battery for its first grid-scale shared community battery and peer-to-peer solar energy trading project being developed in the New South Wales Hunter Region.