Energy Storage

Renewables developer Ace Power has secured its first grid connection agreements with the market operator for two battery energy storage projects in Australia, in what it says is a major milestone for the company.

Hong Kong-based private equity firm Gaw Capital Partners has teamed with Asian energy storage business BW ESS in a renewable energy venture that intends to develop more than 2 GW of utility-scale solar and battery projects in Australia.

Renewable energy generators chasing access rights to the new Central-West Orana Renewable Energy Zone network will be presented with a streamlined application process as the New South Wales government prioritises achieving financial close on the network project.

EnergyAustralia says it will increase the capacity of a battery energy storage system to be built adjacent to its Hallett Power Station in South Australia from an initial 50 MW to 150 MW, and 200 MWh to 600 MWh, after the successful completion of the first stage.

New South Wales electricity distributor Ausgrid is exploring the potential of solar-powered microgrids to enhance energy security for communities during extreme weather events and extended outages with construction having started on what will be the company’s first microgrid.

PV funding activity increased by 42% year-on-year in 2023, driven by strong growth in private market financing and debt financing, despite a decrease in the total number of deals, according to United States-headquartered consultancy Mercom Capital Group.

Mega-miner BHP has reportedly put a request for proposal out to energy suppliers seeking new wind, solar and battery energy storage capacity as it progresses plans to electrify and decarbonise its mining operations in Western Australia’s Pilbara region.

New Zealand renewables developer Lodestone Energy has received planning consent for three new large-scale solar farms on the country’s South Island as it continues the roll out of a PV strategy that it expects will deliver more than 500 GWh in solar generation.

Frontier Energy has revised its strategy for the first stage of the proposed Waroona Renewable Energy Project being developed in Western Australia’s southwest to include a four-hour 80 MW battery energy storage system in a move that is expected to have significantly better economics than solar alone.

A team of researchers in the United States have developed a new lithium metal battery that can be charged and discharged at least 6,000 times — more than any other pouch battery cell — and can be recharged in a matter of minutes.