Highlights

The Andrews Labor Government is delivering on last year’s election promise to boost renewable energy in Victoria and is seeking to legislate increasing its renewable energy target to 50% by 2030.

The Clean Energy Finance Corporation (CEFC) and the Bank of Queensland Finance Division (BOQF) are teaming up to provide $100 million in financing for clean energy upgrades to their facilities, equipment and fleets. The BOQF Energy Efficient Finance will provide loans at a 0.7% discount, drawing on the CEFC funds, to businesses looking to invest in upgrades and equipment that will reduce emissions and deliver savings on energy costs.

A technology to manufacture “honeycomb” materials for energy storage applications from priority Australian mineral resources and AI-based hybrid of lithium batteries and hydrogen fuel cells with DC loss detection system are among the winners of the funding granted in the Cooperative Research Center Program (CRC-P) latest round.

Researchers in the US have published a study that brings 20 years of renewable energy (solar PV and/or wind plus storage) generation into line with historical energy-demand profiles, to ascertain at what storage cost point renewables can cost-effectively consistently meet 100% demand.

Victoria’s Monash University has unveiled the nation’s largest hybrid battery storage system as part of a microgrid that will cover 100% of power needs at its biggest campus with renewable energy.

The growing share of rooftop solar had a significant impact on Australia’s main grid in the latest quarter, both in terms of reducing operational demand and emissions intensity, the Australian Energy Market Operator (AEMO) said. Looking ahead, AEMO is seeking to procure off-market emergency reserves to help protect the grid from potential summer blackouts the upcoming summer, as coal generator outages grow in frequency.

As another rally brings the voice of solar installers before Victorian lawmakers, signs are beginning to show that the pressure may be having an impact on the Andrews’ state government. The government has indicated that it may look to make changes to the plan – but whether that’s a result of installer pressure or public frustration is yet to be seen.

French renewables developer Neoen has won development approval from the South Australian government for a major renewable energy project, comprising 125 MW of wind generation, 150 MW of solar PV generation and 130MW/400MWh of lithium-ion battery storage. The project could also integrate up to 50 MW of on-site hydrogen production capability.

Wattwatchers provides consumers with real-time electricity data that allows them to tailor their electricity use to make best use of their rooftop solar power. Consumer rights to energy data is crucial to a successful future grid with high penetration of DER, says Wattwatchers’ MD Gavin Dietz.

With more than 50 GW of new wind and solar projects in the development pipeline, the Australian Energy Market Commission is looking to give developers more detailed and up-to-date information about new generation projects. The new draft rule may help businesses make better investment decisions on where to locate new generators and assess project viability.