Utility Scale Storage

Australian renewable energy startup Green Gravity has teamed with underground mining contractor RUC to accelerate the commercialisation of its gravitational energy storage technology which rests on moving weighted objects through disused mine shafts.

Australian renewable energy developer Genex Power has entered into agreements with Japanese electric utility J-Power to receive a multi-million-dollar funding package that will support the delivery of its 2 GWh pumped hydro project in northern Queensland and the development of the 2 GW Bulli Creek solar and battery project in the state’s southeast.

The Australian government’s green bank has tipped $100 million (USD 66 million) in to help fast track the development of the 850 MW/1,680 MWh Waratah Super Battery Project that is set to play a significant role in the nation’s shift from coal-fired generation to renewables.

New South Wales will be the test bed for the Commonwealth-funded Capacity Investment Scheme with the federal government to underwrite investment that will help deliver almost 1 GW of firmed renewable energy capacity to support the state’s rapidly changing energy market.

George Hilton, research manager at S&P Global, spoke to pv magazine at the recent Intersolar 2023 trade show about the latest energy storage trends. He said the industry needs easy-to-install products and more efficient supply chains, and noted that battery prices are highly volatile because they fluctuate in response to changes in the dynamic Chinese electric vehicle market.

Over the next five to 15 years, batteries will undercut the business case for major transmission and interconnector projects. These assets will nonetheless likely be built, decreasing price spreads and eating into the revenues of batteries, solar and storage analyst Warwick Johnston predicts.

Genex Power has energised its 50 MW/100 MWh Bouldercombe Battery Project on Queensland’s central coast, saying the storage system will be operational before summer.

A panel of experts debated how plausible it is for Australia to enter the battery manufacturing space, and acting-CEO of one of the only companies to produce lithium hydroxide in Australia, IGO, discussed the acute challenges of setting up a refinery onshore during the WA Renewables and Critical Minerals Superpower Summit on Monday.

BHP is planning to install more than 500 MW additional wind and solar power backed by battery energy storage in Western Australia’s Pilbara region in the next seven years as it looks to slash the use of gas and diesel in its iron ore operations.

Commissioning of one of Australia’s first solar-powered utility scale vanadium flow batteries has commenced with developer Yadlamalka Energy confirming that construction of its $22 million Spencer Energy Project in South Australia is now complete.