With energy storage critical to the future of sustainable energy, Cornwall Insight Australia Energy Consultant Con Dimitrakakis examines how operators can optimise the trading profit of a solar-storage hybrid system when wholesale market prices are low and solar energy generation is high.
Western Australia-based Hybrid Systems Australia has commissioned 42 MW of interconnected battery storage for two Fortescue mine sites in the Pilbara region, noting the installation is one of the largest for a mining application.
UK-headquartered fund manager Glennmont Partners has its sights firmly set on the Australian renewable energy market after announcing it plans to acquire, build and operate a portfolio of large-scale solar farms and energy storage assets as part of a $145 million (USD 100 million) strategy.
Renewable energy developer Vast Solar will progress plans to deliver Australia’s first commercial-scale concentrated solar power plant after securing financial backing from the federal government to build a 30 MW/288 MWh facility near Port Augusta in South Australia.
Network operator Essential Energy has installed its first grid-scale battery energy storage system on the New South Wales electricity network as part of a “critical” trial designed to allow more renewable energy into the grid and drive better network utilisation.
Sembcorp Industries has connected a 285 MWh battery storage system to the grid on Jurong Island, Singapore. It is reportedly Southeast Asia’s largest energy storage system, featuring 800 large-scale lithium iron phosphate (LFP) batteries.
The federal government has opened industry consultations seeking to inform the country’s first national battery strategy with the goal of developing a globally competitive domestic battery manufacturing ecosystem in Australia.
The Australian Capital Territory government has officially switched on its first grid-scale battery energy storage system, describing it as a “significant milestone” on Canberra’s pathway to 100% renewable electricity supply.
Form Energy will install two 10 MW / 1,000 MWh batteries on the sites of Xcel Energy’s former coal-fired plants.
UK-based developer Renewable Energy Systems Group is planning to build a 250 MW/600 MWh battery energy storage system in the New South Wales Hunter region that is says would provide critical grid services and support Australia’s renewable energy transition.
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