Solar-plus-storage could be competitive against gas peaking power plants in Australia within the next five years, as the average solar-plus-storage LCOE across the Asia-Pacific region is set to fall from $133/MWh this year to $101/MWh by 2023, according to a newly released research report.
South Australia’s coal-fired electricity industry is in its final chapter with the sale of the 65-year-old Port Augusta power station site expected to reach settlement by the end of the month.
The latest figures from the Australian Energy Market Operator (AEMO) show that solar continues to eat into the share once firmly held by coal on the back of a dramatic increase in installations over the past 12 months. The trend was backed by energy storage facilities which continued to gain foothold as providers of frequency control and ancillary services, lowering overall costs in the first quarter of 2019.
The Brisbane-based solar and storage developer has placed Lyon Solar, Lyon Battery Storage and Lyon Infrastructure Investments 1 into voluntary administration after being embroiled in a court case over a wind up notice issued by one of its investors.
Outgoing APA Group CEO Mick McCormack has pointed to a bright future for power-to-gas in Australia in an address to a Macquarie Group conference this week. The long-serving gas infrastructure head said that excess PV generation, particularly when generation is at remote sections of the grid, could be utilised to produce green hydrogen.
While lithium ion or even flow battery projects continue to dominate headlines, a report published today has highlighted the continuing role being played by lead acid battery storage. The report from the U.S.-based Consortium for Battery Innovation (CBI) illustrates how lead-acid batteries are being applied to a wide range of applications, and use cases, today.
Australia’s biggest power producer has secured the right to develop, own and operate a massive pumped hydro energy storage project at Hillgrove Resources’ Kanmantoo copper mine in South Australia’s Adelaide Hills region.
Solar could meet approximately 68% of global energy demand with other renewables making up the rest, according to a new report. A 100% renewable energy system could also create 22 million solar jobs by 2050, the study claims. Keeping global warming below 1.5 degrees C, though, would require FITs for projects up to 40 MW in capacity, auctions for bigger systems, removing fossil fuel and nuclear subsidies and providing more education and R&D and less red tape.
Significant progress has been reported on the feasibility study which aims to progress the establishment of a 15 GWh lithium-ion battery factory in Townsville. The study is conducted by the Imperium3 Townsville consortium.
The University of New South Wales (UNSW), the birthplace of pioneering PV technologies, is now developing another innovative solution: a large-scale hybrid energy storage that will combine lithium-ion batteries and hydrogen fuel cells. The first system will be installed at Risen Energy’s 121 MW Yarranlea Solar Farm in Queensland.
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