GEV launches development strategy for proposed 2.8 GW green hydrogen project
Western Australian renewables company Global Energy Ventures is steaming ahead with its plan to establish a massive 2.8 GW green hydrogen production and export facility on the Tiwi Islands off the coast of the Northern Territory, announcing it has already commenced the development program.
Improving compressed air energy storage efficiency via chemical reactions
Scientists in the United States have proposed to use a thermochemical energy storage (TCES) technique that stores energy in chemical bonds to recover the heat produced during air compression operations. According to them, this innovation may increase the round-trip efficiency of compressed air energy storage to 60%.
Utility scale ocean battery, a bedfellow for floating PV
A new underwater battery storage technology is coming from Netherlands-based Ocean Grazer to address the issue of offshore long-duration storage. The company’s Ocean Battery is touted as innovative yet simple, based on existing technology, and capable of enhancing marine life along the way.
LG Energy Solution IPO attracts $110 billion in bids
LG Chem’s energy storage and battery division’s US$10.7 billion (AU$14.8 billion) initial public offering received a staggering response from institutional investors, Reuters has reported.
Woodside submits plan for 500MW of PV and 400MWh of battery storage in the Pilbara
Oil and gas giant Woodside Energy has submitted the proposal for its 500MW Solar Facility to the Western Australian Environmental Protection Authority. The proposal sees Woodside looking to install up to one million solar panels to help power industrial customers in the region, including its own Pluto LNG export facility.
Goldman Sachs invests $250 million in Hydrostor to advance compressed air energy storage projects
The investment is planned to support development and construction of Hydrostor’s 1.1GW, 8.7GWh of Advanced Compressed Air Energy Storage projects that are well underway in California and Australia, and help expand Hydrostor’s project development pipeline globally.
520 MW agrisolar + battery project proposed for the Hunter progresses
Lightsource bp, the solar arm of oil major BP, is proposing to build an ‘agrisolar’ project in the Upper Hunter region big enough to provide 4% of New South Wales’ (NSW) electricity demand.
Korea Zinc invests in gravity storage developer Energy Vault
Korea Zinc, non-ferrous metal smelting company, has agreed to invest $50 million in Energy Vault, a Switzerland-based gravity storage specialist, in order to use its tech to decarbonise its refining and smelting operations in Australia.
Philippines’ San Miguel Corp to start operation of 690MW of batteries
Filipino conglomerate San Miguel Corp aims to complete 1GW of battery storage projects this year to make way for the integration of some 3GW of intermittent renewable energy generation.
Storing hydrogen with ‘nano-chocolates’
German scientists have developed a novel hydrogen storage method that relies on nanostructures – tiny nanoparticles made of the precious metal palladium – instead of high pressure and lower temperatures.
