2019 is showing signs of a seismic tremor in corporate attitudes to climate change and renewable-energy opportunities, with Glencore one of Australia’s biggest coal miners yesterday announcing it will prioritise production of commodities essential to energy transition.
A bold plan to establish a 1.3 GWh lithium-ion battery cell and module factory in Australia has moved a step closer to reality with prospective manufacturer Energy Renaissance selecting U.S. battery cell developer Cadenza Innovation as technology partner. Energy Renaissance plans to have modules rolling off its first 300 MWh pilot line within one year.
In late January Japan’s Sumitomo Corporation Group took its first step into the distributed generation market, with its acquisition of Perth-based Infinite Energy. Infinite’s founder and CEO Aidan Jenkins says “after being the little guy” the Sumitomo balance sheet will allow the company to compete with the major electricity retailers – if state government in WA gives them the chance.
In May 2018, oil giant Shell invested in German manufacturer Sonnen. Now the 112-year-old company wants to fully acquire the business, subject to Germany’s monopoly authorities. Sonnen said it hopes the deal will accelerate its growth by expanding its market reach and capacity.
Wholesale electricity prices on the NEM can peak during heatwaves and when aging coal generators conk out. Amber Electric customers can both profit from but also bear the brunt of price spikes, but when they have solar+storage the upside is significant. Importantly solar homes can provide a valuable service to the grid, says Amber Electric Founder and CEO Chris Thompson.
Shell Australia has “well advanced” plans for a 120 MW utility scale PV array to supply its QGC onshore gas operations in northern Queensland. The announcement was made Shell Australia Chairman Zoe Yujnovich during a speech today, in which she pointed to an Australian “energy transition” in which “electrons will play a bigger role”.
In the aftermath of January’s blackouts in Victoria and South Australia, public policy think thank Grattan Institute underlines that blaming renewable energy for supply failures is wrong and dangerous. The new report flies in the face of repeated claims by the Coalition government that renewables are undermining the reliability of electricity system.
The Australian Renewable Energy Agency (ARENA) has awarded $9.6 million in grants for five projects and seven studies into the role of distributed generation assets on the grid – and how to expand their penetration.
Call them aspiring sun gods: In the lead up to the 2019 New South Wales election on 23 March, Shadow Minister for Energy and Climate Change Adam Searle and the NSW Liberal & National Government Energy Minister Don Harwin have both announced solar policies that support NSW householders to install rooftop solar-PV systems and thereby reduce their energy bills.
In an Australian first, Canada’s Hydrostor is delivering a 5 MW / 10 MWh compressed air energy storage facility, which will store excess solar and wind power at a closed underground mine in South Australia.
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