Utility Scale Storage

PV funding activity increased by 42% year-on-year in 2023, driven by strong growth in private market financing and debt financing, despite a decrease in the total number of deals, according to United States-headquartered consultancy Mercom Capital Group.

Mega-miner BHP has reportedly put a request for proposal out to energy suppliers seeking new wind, solar and battery energy storage capacity as it progresses plans to electrify and decarbonise its mining operations in Western Australia’s Pilbara region.

New Zealand renewables developer Lodestone Energy has received planning consent for three new large-scale solar farms on the country’s South Island as it continues the roll out of a PV strategy that it expects will deliver more than 500 GWh in solar generation.

Frontier Energy has revised its strategy for the first stage of the proposed Waroona Renewable Energy Project being developed in Western Australia’s southwest to include a four-hour 80 MW battery energy storage system in a move that is expected to have significantly better economics than solar alone.

A dozen new large-scale, network-connected batteries with a combined capacity of 48 MW / 96 MWh will be rolled out across Queensland as part of the state government’s strategy to support the continuing uptake of renewable energy and take the heat out of peak demand periods.

In a major leap towards the state achieving its sustainable energy goals, Western Australia’s Kwinana Battery Stage Two project has reached a pivotal milestone with Synergy having successfully installed the containerised battery systems at what is to be the largest grid-connected battery in the state.

Squadron Energy, the private renewables group controlled by the billionaire Forrest family, has pledged to deliver 14 GW of new clean energy generation and storage projects in Australia by the end of the decade.

“Substantial” profits available in the recently introduced Very Fast Frequency Control Ancillary Services markets will lead to a surge in battery involvement according to new data provided by energy market consultancy and research group Cornwall Insight Australia.

Epic Energy has added a large-scale battery energy storage project to its growing portfolio of renewable energy infrastructure assets with the 100 MW / 200 MWh facility to sit alongside the company’s two solar farms at Mannum in South Australia.

More than 200 entries from across 39 countries made up the field for the pv magazine Awards 2023 and there was genuine innovation on display in all categories. Significant demands have been placed on the solar and energy storage industries in 2023, but that hasn’t stopped the sector from making great leaps in performance. The winners of the pv magazine Awards 2023 serve as shining examples of what can be achieved through a continuous improvement philosophy.