Dr. Thomas Nann examines the benefits and limitations of lithium-ion batteries, imploring Australia to embrace disruptive innovation, not incrementalism.
Origin Energy has delayed the vote on its almost $20 billion (USD 12.85 billion) takeover bid until next month after receiving a revised offer from the Brookfield-led consortium that is hoping to acquire the Australian energy generator and retailer.
British renewables developer Pacific Green Technologies has joined the growing number of foreign companies looking to capitalise on Australia’s energy transition, announcing plans to build a 500 MW/1,500 MWh battery energy storage system in South Australia.
Danish investment group Copenhagen Infrastructure Partners has tapped Canadian PV and battery manufacturing heavyweight Canadian Solar to provide the energy storage solution for the first of the multiple large-scale battery projects it has planned for Australia.
Australian Energy Minister Chris Bowen has announced a major expansion of the Commonwealth-funded Capacity Investment Scheme that will now target 32 GW of renewable generation and storage capacity to support the nation’s clean energy transition.
Swedish battery maker Northvolt has developed its first sodium-ion battery. The cell has been validated for an energy density of more than 160 Wh/kg and is designed for energy storage applications.
Akaysha Energy has expanded the scope of its Victorian Elaine battery from 800 MWh to 1244 MWh, growing the project’s capacity more than 50% due to its long duration capability of four hours, pv magazine Australia has been told.
More than 1 GW of firmed storage capacity is set to be delivered by the six winning projects from the New South Wales (NSW) tender combining state and federal schemes. Akaysha Energy’s 415 MW / 1660 MWh battery in Wellington and AGL’s 500 MW / 1000 MWh Liddell battery are the round’s two biggest projects.
Fortescue has announced three projects – two in Australia and the other in the US – have reached final investment decision (FID). The company held its annual general meeting today, where members voted down its contentious executive pay policy.
The green investments arm of global financial services group Macquarie Asset Management has launched a new specialist renewable energy business targeting an initial pipeline of 4 GW of wind, solar and battery energy storage projects across Australia.
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