The Australian Energy Market Commission (AEMC) has decided to give energy businesses an extra three months to prepare the IT overhaul necessary for the five-minute settlement market reform. The decision comes in response to concerns that the unprecedented impacts of Covid-19 necessitated extra breathing space.
A New Safe and Reliable Energy Storage and Conversion Technologies Research Hub is one of five grant recipients of the Australian Research Council’s funding for Industrial Transformation. The Hub will seek to develop new technologies in energy storage to eliminate the risk of fire, as well as addressing the environmental impact of current technologies.
Every crisis is a crossroads, and Australia is certainly at a crossroads. This week, a host of climate, development and investment leaders are backing Beyond Zero Emission’s green scaffolded Million Jobs Plan of Covid-19 economic recovery.
Can this technology be commercialized? A partnership between Siemens Energy and EnergyNest to develop thermal storage solutions together is the latest development in an industry with lots of potential, but little practical application thus far.
The Western Australia government has installed the state’s sixth grid-connected community PowerBank battery, taking the total number of shared battery storage systems on the Western Power network to 13.
Canberra’s first community solar farm, the Majura Valley Community Solar Farm, is a step closer to reality after Epho signed on to design and construct the farm. The solar farm is the development project of SolarShare, a group of local community investors.
Redflow Batteries’ latest partner is Northern Territory veteran power-related products company Delta Electrics. Andrew Boller, General Manager of Delta Electrics, believes Redflow’s zinc-bromine batteries are ideally suited to the hot, demanding conditions of the Top End.
The government’s task is to identify and develop a suite of energy technologies that can provide low-cost, low-emissions electricity system of the future, and the Clean Energy Council says that this can be achieved by leveraging Australia’s comparative advantage and the mature industry built around solar and wind. Technologies that extend the life of higher cost, fossil fuel generation should not be prioritized for investment, the CEC says, instead, the roadmap should focus on plenty of challenges to accelerate renewable energy investment.
Amid the urgent need to slow climate change by cutting greenhouse gas emissions, energy efficiency makes sense. But as Australia’s chief scientist Alan Finkel last week warned, we’re not “anywhere close to having that nailed”.
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