Also on the rise: California crosses 10 GW battery storage threshold; Philippines set to add almost 2 GW of new solar in 2024; CATL unveils Ev with 1,000km range; and more.
Data from international consultancy Rystad Energy shows that 82 new renewable energy generation and battery storage projects corresponding to more than 20 GW of capacity were proposed across Australia’s National Electricity Market in the first quarter of 2024, with developers largely focused on Queensland and New South Wales.
Queensland battery tech company Li-S Energy claims to have taken a significant step towards proving the safety of its semi-solid-state lithium sulfur batteries with the third-generation technology successfully passing a series of nail penetration tests.
The federal government’s 32 GW Capacity Investment Scheme is already bearing fruit with a competitive tender seeking 600 MW of energy storage capacity in Victoria and South Australia attracting 19,000 MW of project proposals.
Victorian electricity distributor Powercor is seeking a licence to build new transmission infrastructure in a move it claims will provide faster grid connections for major projects such as solar and wind farms within its current distribution network area.
Queensland flow battery company Redflow has won a second deal with the United States Department of Defence to supply a non-lithium energy storage solution that will be deployed to improve energy security at a major naval base in Italy.
Akaysha Energy has secured $250 million in new financing that will accelerate the development of two large-scale battery projects in Queensland set to add a combined 710 MWh of energy storage capacity to the National Electricity Market.
French renewable energy and storage developer Neoen has initiated construction of the next stage of what will be one of Australia’s largest battery energy storage systems after securing a second four-hour capacity services contract for Western Australia’s main electricity grid.
Australian clean energy developers Atmos Renewables and Nomad Energy have received the green light for a 100 MW, four-hour battery energy storage system to be built near Merredin in Western Australia’s central Wheatbelt region.
The International Energy Agency has issued its first report on the importance of battery energy storage technology in the energy transition. It has found that tripling renewable energy capacity by 2030 would require 1,500 GW of battery storage.
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