Utility Scale Storage

Compressed air energy storage (CAES) sits at a crossroads. It is considered a mature form of deep storage due to its components being firmly “de-risked” but few projects are operating in the Western world. A project in the remote New South Wales town of Broken Hill promises to lead the way.

Copenhagen Infrastructure Partners has acquired a majority stake in Elgin Energy that will help the Ireland-headquartered solar developer to transition into an independent power producer and grow its pipeline of projects in new and existing markets, including Australia.

South Australian energy storage specialist 1414 Degrees will move its SiBox thermal energy storage technology to market after 12 months of testing proved the molten silicon tech is reliable, safe, and an adaptable energy storage solution.

Tesla’s global electric vehicle sales are plummeting, but its energy storage business is surging, with more than 4 GWh deployed in the first quarter of 2024 alone.

Queensland-based clean tech company Graphene Manufacturing Group has hit a home run toward commercial product roll-out after pocketing a $2 million grant to spearhead the development of an automated assembly plant in the state capital.

Malaysian engineering and infrastructure company Gamuda has announced it will shift its focus in Australia to the clean energy and renewables infrastructure market, laying out plans to build a 1 to 2 GW portfolio of solar and wind projects in the next five years.

Australian miner Graphinex’s ambition to establish an integrated graphite mining and battery anode manufacturing business in Queensland has attracted the support of Japanese oil and gas giant Idemitsu Kosan.

Former federal energy minister Greg Combet has indicated the May Budget will unleash big bucks for the next stage of Australia’s renewable energy transition, underwriting the nation’s charge to become a global wind, solar and green hydrogen superpower.

A team of researchers in Queensland have calculated the levelised cost of green hydrogen under different installed capex scenarios for 2030. They also looked into the different possible sizing of PEM electrolysers.

Renewable energy developer and independent power producer Neoen is reportedly considering selling a large portion of its Australian portfolio of clean energy projects that exceeds 3.75 GW of assets currently under construction or in operation.