Energy Storage

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.

Construction is set to commence on the 250 MW Kidston Pumped Hydro Storage Project later this month after developer Genex Power announced it had secured all the financing required to progress the $775 million project.

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.

U.S. company Group 14 Technologies has announced it will launch factory capable of producing 120 tons per year of its innovative silicon-carbon-based anode material for lithium-ion batteries. The factory is located at Group 14’s headquarters in Washington and is the first of several planned by the company.

Greater dispatchability will be required from solar as it becomes increasingly mainstream worldwide, or investors could experience diminishing returns as a victim of the technology’s success at bearing down on electricity prices.