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Energy Storage

BNEF: Australia ties with Germany as fastest growing residential storage market

Australia is on the cusp of a residential battery storage boom. The Climate Council published the forecast last week in its Fully Charged: Renewables and Storage Powering Australia report. BNEF confirms with pv magazine Australia that as a result of the rapid growth, Australia is alongside Germany as the fastest growing market for residential battery storage.

Sonnen to establish battery factory in South Australia

German battery and solar energy company sonnen will move its Australian headquarters from Sydney to Adelaide where it will also establish a manufacturing hub.

Lakeland solar+storage to demonstrate value stacking at utility scale

Australia’s first large scale solar+storage array has been grid connected, in Northern Queensland. The collocated 10.8 MW solar and 1.4 MW/5.3 MWh battery storage system is set to demonstrate the value of dispatchable PV to networks and asset owners.

Global storage growth of 4.6% in 2017 reflects patchy state of sector, finds BNEF

Despite hitting a record 1.17 GW of new grid-scale storage capacity in 2017, growth was a mere 4.6% on 2016 having surged 61% the year prior. Industry’s reliance on policy support means foundations for growth remain uneven, report finds. Average costs, however, fell by 24% last year.

MLPE steps out from the shade

Gavin Merchant from SolarEdge Australia and New Zealand speaks to pv magazine Australia about the growing acceptance of module-level power electronics across all solar market segments. The rise of storage is also bringing new opportunities.

China to achieve grid parity for solar in 2023, slow development of storage hinders RE adoption, survey shows

Examining the outlook for renewables, grid and infrastructure, and energy storage for the next five years and beyond, the Lloyd’s Register 2018 Technology Radar study asks the question: when will renewables become the dominant source of energy?

Carnegie to negotiate lease for 100 MW/20 MWh WA Goldfields solar+storage project

Carnegie Clean Energy has received approval to negotiate the lease for a 250ha site in the WA’s Eastern Goldfields, on which it hopes to develop a 100 MW solar and 20 MWh battery storage array. The Mungari Solar Farm would supply power to a region currently suffering from electricity supply constraints.

Wind giant Vestas taps solar, storage markets for hybridization drive

The Danish wind turbine producer to explore further development of hybrid renewable energy plants that combine wind, solar and battery storage at single location as wind growth rates ease in face of market consolidation.

South Australia to host another big battery near Snowtown

With all eyes still on the world’s largest lithium-ion battery at the Hornsdale wind farm, South Australia now readies to raise the game with its first big battery built in conjunction with a solar farm.

Neoen Australia urges caution over Hornsdale battery profitability

While the Hornsdale Power Reserve “is doing its job” and is performing as expected, owner Neoen has urged market observers not jump to conclusions as to its profitability based on its arbitrage trading over the short term.

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