Genex powers ahead with 250 MW pumped hydro project
Construction is set to commence on the 250 MW Kidston Pumped Hydro Storage Project later this month after developer Genex Power announced it had secured all the financing required to progress the $775 million project.
Strong growth ahead for international battery storage markets
Annual battery storage installations will exceed 10 GW/28 GWh in 2021, following a particularly strong year in 2020, despite the challenges created by the global pandemic, writes IHS Markit analyst Mike Longson. Combined solar and storage will be a core focus for new deployment in 2021, as the front-of-the-meter and behind-the-meter energy storage markets are both expected to grow significantly in the months ahead.
Solar power has to be about quality as well as quantity
Greater dispatchability will be required from solar as it becomes increasingly mainstream worldwide, or investors could experience diminishing returns as a victim of the technology’s success at bearing down on electricity prices.
Australia’s vanadium prospects progress as two leading companies evolve flow battery strategies
In a strange synchronicity, two of Australia’s major aspiring vanadium producers have today come out with announcements. TNG Limited has solidified a deal to commercialise vanadium redox flow batteries using output from its Mount Peake project, while competitor Australian Vanadium has filed a patent application for its vanadium processing route.
Battery storage systems 30% cheaper than rival gas peaker plants for firming renewables
The contest is over. Faster, cheaper, more flexible than gas turbines … battery energy storage must be the future peaking energy service provider of choice says the hard evidence exposed in a new paper by the Clean Energy Council.
Pumped hydro study earns praise from Solar Citizens
Queensland-based community group Solar Citizens has described as long overdue reports the State Government is considering a new pumped hydro facility near Gympie which would generate renewable energy to service the burgeoning Sunshine Coast region.
Work begins on green hydrogen storage cavern in Sweden
Vattenfall, SSAB and LKAB are building a rock cavern storage facility in a coastal city in northern Sweden. The 100-cubic-meter facility will be built 30 meters below ground and will begin storing green hydrogen next year.
Solar and wind together overhaul global hydro capacity
The latest set of clean energy statistics compiled by the International Renewable Energy Agency signal a changing of the guard when it comes to clean power, with legacy hydropower facilities overtaken by new intermittent renewables.
Solar PV driving green hydrogen to undercut gas, says latest BloombergNEF forecast
BloombergNEF’s latest modelling has found that solar PV is the key driver behind an accelerating cost decline in green hydrogen. The forecast shows green hydrogen’s cost declining by 85% by 2050, undercutting natural gas as well as both blue and grey hydrogen production.
The Hydrogen Stream: Projects move forward in China, Japan, Australia and across several European countries
Sinopec wants to build 1,000 hydrogen refueling stations by 2025. Ways2H is building a facility in the Tokyo area that will convert daily 1 ton of dried sewage sludge into 40-50 kilograms of hydrogen for fuel cell mobility and power generation. Ørsted wants to deploy two renewable hydrogen production facilities for a total of 1 GW by 2030. Wacker Chemie is planning to produce green hydrogen and renewable methanol at its German site.
