Australia is positioned to become a renewable energy “superpower” with multinational consultancy Ernst & Young (EY) suggesting the nation’s green hydrogen and solar energy export plans have it well placed to take advantage of a growing market.
A new Wood Mackenzie report has forecasted a massive swing in the levelised cost of electricity across the Asia-Pacific over the course o the next decade. Before 2030, renewables will be cheaper than new coal and gas almost everywhere, and significantly cheaper in Australia.
Spanish energy storage company E22 has set to work on its first project in Australia, a 5MW/7.5 MW Li-ion battery in Longwarry, VIC that is set to provide AusNet with much needed network services during the heights of summer congestion.
AGL’s ambitious 850 MW target of new large-scale battery storage in its portfolio by FY 2024 is seeming less like an opportunity and more like an inevitability with each passing week. Following on from last week’s announcement of a 250 MW, four-hour-duration battery at its Torrens Island Power Station in South Australia, AGL has this week announced a 200 MW battery project at Victoria’s Loy Yang A power station.
AGL, one of Australia’s biggest polluters, is working towards net-zero emissions by 2050 and new relevance in a renewable-energy-powered world. Think big batteries to replace the spinning reserve of some coal and gas generators, and digital management of its customers’ distributed rooftop resources.
On Tuesday 13th October 2020 Queensland’s electricity spiked from approximately $25/MWh to $15,000/MWh (the current market price cap) in response to a tripping incident involving the constraint of 11 solar farms and one wind farm. The event is being seen as illustrative of just what needs to be addressed in the design of NEM 2.0.
The Northern Territory is advancing projects that will help it achieve 50% penetration of renewables into its energy supply by 2030. First up, the procurement of a 30 MW battery to boost reliability of the Darwin-Katherine grid.
Australian electricity wires are awash with sunshine, such that network operators have threatened to up the drawbridge on further rooftop connections, while limiting rooftop PV exports to the grid. But data streams hold the key to unlocking surprising existing capacity, stabilising voltage, and living the Aussie dream.
An International Energy Agency report led up by Rolf Frischknecht from Treeze in Switzerland and under the joint project management of the University of New South Wales’ José Bilbao has measured the lifecycle emissions of both residential solar PV with battery storage and gas-generated grid electricity. The results are not particularly surprising, only the Morrison Government’s ongoing obduracy is.
Australian mining and resource technology company TNG Limited has set up a subsidiary, TNG Energy, to run point on the advancement of its green sector ambitions through the use of its high-purity vanadium pentoxide deposit to make vanadium redox flow batteries for off-grid solutions.
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