NSW firming tender reaches almost 1 GW with federal scheme support
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.
‘Battery prices are super volatile’
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.
‘Renewables will eat itself’: analysts’ megatrend prediction
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’s energises its 100 MWh Bouldercombe battery in Queensland
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.
How much will Australia realistically achieve with its critical minerals?
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 plans 500 MW renewables build as part of electrification pathway
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.
South Australian solar and storage project reaches commissioning milestone
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.
State puts vanadium tech to test as ‘Australian first’ manufacturing plant opened
Critical energy minerals company Vecco Group has celebrated the official opening of Australia’s first commercial-scale vanadium battery electrolyte manufacturing facility in Townsville by announcing it has secured a contract to provide Energy Queensland with the state’s first grid-scale vanadium flow battery.
Powerlink awards early works contract for CopperString project
A $20 million (USD 13.58 million) early works package for the CopperString transmission project that is forecast to unlock 6 GW of renewable energy resources and connect Queensland’s northwest to the national electricity grid has been awarded to CIMIC Group companies UGL and CPB Contractors.
Transgrid reveals roadmap to deliver energy network master plan
New South Wales transmission network operator Transgrid plans to spend $16.5 billion (USD 11.22 billion) to grow the state’s power system over the next decade to ensure the “secure operation” of the grid at up to 100% instantaneous renewables.
