Energy Storage

The centralised nature of policymaking in Beijing would enable component standardisation to ease the transition from EV to stationary energy storage use, according to Greenpeace East Asia.

Construction of South Australia’s biggest solar farm, and the state’s fifth “big” battery will provide 810 jobs and a $41 million boost to the economy around Whyalla. The Marshall Government buys in and forecasts a $12.8 million saving on its energy expenditure over the term of its 10-year energy contract.

One of Australia’s tourist hot spots could soon be home to a major solar farm with the Gold Coast City Council giving a 33 MW project the green light.

As Green Finance begins to be seen more and more as global best practice the energy transition can only accelerate. This week, two stories attest to the growing acceptance of green finance by major financial institutions – ANZ Bank has pledged to extricate itself from thermal coal by 2030 and pursue more sustainable policies and Mike Cannon-Brookes supported startup Brighte announces Australia’s first 100% green asset-backed securitisation, $190 million in debt financing for Australians looking to uptake solar and battery storage in their home.

A report by Finnish company Wärtsilä has estimated the potential impact if every dollar committed to a non-renewables energy sector recovery was instead funnelled to clean power.

As Australia’s home battery market begins to catch up to its install residential solar capacity the opportunity for large-scale virtual power plants is verging on reality. Indeed, Solar Service Group’s new Solar + Battery Members’ Plan could see Australia host the world’s largest virtual power plant next year.

BHP Nickel West has extended its PPA with Southern Cross Energy to 2038 as the mining giant looks to integrate renewable energy into its processes toward the goal of meeting its emissions reductions goals and producing ‘sustainable nickel’, a necessary requirement for potential client Tesla. The extended deal begins at Nickel West’s Leinster and Mount Keith operations with the development of an 18.5 MW solar farm and battery storage system.

Never heard of CEP.Energy? The new green energy fund is set to become a renewable powerhouse, installing gigawatts of solar, plus batteries big and small across industrial estates and retail centres around the NEM. Institutional investors are making this virtual-power-plant vision a reality.

Transgrid is on track to deliver improved reliability and stability to the New South Wales electricity networkafter securing federal and state government funding to install a $61.9 million big battery at its Wallgrove substation in western Sydney.

Professor Thomas Maschmeyer has taken his reimagining of zinc-bromine battery chemistry to the point of commercial launch; a new installation at the University of Sydney demonstrates the Gelion battery’s utility and appeal.