Energy Storage

Distributed energy producer EDL has taken a top gong at the 2019 Asia Power Awards in the Environmental Upgrade of the Year category, recognition for the success of its Coober Pedy Hybrid Renewable Project.

The Distributed Energy Resource (DER) laboratory “DER-Lab” will provide an environment for safe testing of new technologies including monitoring and communication devices, smart controllers, aggregation (e.g. Virtual Power Plant), market participation software and other innovative new products.

The Queensland government has pledged to support Genex’s project at Kidston with up to $132 million. The funding will be used to build a single circuit transmission line and connect a massive pumped hydro project with the main grid, unlocking additional stages for the clean energy hub, including up to 270 MW of additional solar and up to 150 MW of wind.

Universities from South Australia to Queensland are embedding renewable-energy technology in their operations and teaching. Last week, the University of the Sunshine Coast in collaboration with Veolia introduced a cold-water tank — effectively a 7 MW battery — to the range of innovative options for reducing electricity costs and the carbon footprint of large, energy-hungry institutions.

In an effort to replace two aging power plants, Hawaiian Electric Industries has launched a roughly 900 MW procurement, the largest in the utility’s history, across the islands of Oahu, Maui and Hawaii.

ANZ has extended its collaboration with the Clean Energy Finance Corporation, committing to facilitating a further $100 million of finance to help Australian businesses cut energy costs and reduce carbon emissions. Under the scheme, the bank is offering financial discounts for upgrades and new investments in solar PV, energy storage, EVs and other technologies.

Plummeting costs, industry maturity, and the ever-increasing penetration of global renewables are expanding the use cases for battery storage technology. Over the past year and a half, storage projects are increasing significantly in both scope and capacity.

A report produced by an AI and automation market research company says an anticipated boom in the European storage market – driven by a desire to reduce carbon emissions – will attract producers as demand outside China tails away.

Ovida provides PPAs to businesses and multi-tenanted buildings, but the company is also working hard on a Community Energy Microgrid Hub and Victoria’s largest concentration of on-grid microgrids in the heart of Victorian coal country, the Latrobe Valley

The Brisbane-based energy storage manufacturer has raised $4.75 million in Series A funding from the Queensland Government Business Development Fund and Australian institutional and family investors.