The Australian arm of global fund manager Octopus Group has expanded its renewable energy portfolio, teaming with the Clean Energy Finance Corporation to purchase the rights to develop two proposed utility scale solar-storage hybrid power plants in Victoria’s Gippsland region.
Renewable energy developer Elliott Green Power is pushing ahead with expansion plans while continuing to seek a buyer for its Australian solar PV assets, announcing it has received approval to develop a utility scale battery alongside the 75 MW Susan River Solar Farm in regional Queensland.
Less than a week after fire broke out at the Victoria Big Battery in Geelong, Australian renewable energy developer Maoneng has given lithium iron phosphate batteries the tick of approval, declaring it will use the technology at its utility scale battery energy storage system planned for Victoria’s Mornington Peninsula.
A British-Australian research team has assessed the potential of liquid air energy storage (LAES) for large scale application. The scientists estimate that these systems may currently be built at a cost between €300 and €600 (AU$480 to $960) per megawatt-hour and that a positive business case could be favoured by certain conditions, including a determined price structure in the energy market and the presence of a grid unable to support high levels of renewable energy penetration.
Speculation will be rife as to the cause of the fire which destroyed one Tesla Megapack and damaged another in Moorabool on Friday. Investigators are waiting until the site is deemed safe to begin their forensic examination.
Assistant Minister for Waste Reduction and Environmental Management, Trevor Evans, has announced a newly accredited Battery Stewardship Scheme that he says will triple the battery collection rate over a period five years and divert 90% of the collected materials from landfill.
Mining giant BHP has taken another step on the path towards a renewable energy future, commissioning a 48.2 MW solar + storage hybrid power facility that will help power its Nickel West mining operations in regional Western Australia.
Mining giant Rio Tinto has tapped NRW Holdings to begin construction of a large-scale solar PV and battery energy storage system at the Anglo-Australian multinational’s $2.6 billion Gudai-Darri iron ore mine in Western Australia.
It’s a breakthrough so staggeringly simple the patent office needed convincing it counted as an invention. In what Professor Thomas Nann jokingly told pv magazine Australia basically equates to adding dishwashing liquid and oil to water, he and two of his former PhD students have unlocked the potential of water-based electrolytes for batteries, promising a solution that is cheaper, easier to manufacture and non-toxic. The startup plans to initially use the formula in supercapacitors before exploring it in conjunction with redox flow batteries.
Boston startup Form Energy has secured US$200 million (AU$270 million) Series D funding for the development of what is being called a breakthrough in energy storage.
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