Current price signals to distributed battery owners “do not align with grid value,” says a study from the Lawrence Berkeley Laboratory.
The investment is planned to support development and construction of Hydrostor’s 1.1GW, 8.7GWh of Advanced Compressed Air Energy Storage projects that are well underway in California and Australia, and help expand Hydrostor’s project development pipeline globally.
Western Australia’s state-owned electricity company Horizon Power has installed 19 solar + battery standalone power systems for farmers in Esperance on the state’s southern coast.
Korea Zinc, non-ferrous metal smelting company, has agreed to invest $50 million in Energy Vault, a Switzerland-based gravity storage specialist, in order to use its tech to decarbonise its refining and smelting operations in Australia.
Reliance Industries said its solar unit will buy UK-based sodium-ion battery technology provider Faradion for GBP100 million (AUD$187 million) including debt, as the Indian conglomerate pushes forward with its ambitious plan to move into the renewable energy industry.
The Australian Renewable Energy Agency has announced a $100 million competitive funding round for grid scale batteries. While battery technology agnostic, the projects must be equipped with advanced inverter technology.
Neoen today announced construction has begun on its 100 MW/200 MWh Capital Battery, which doubled from its initial 50 MW capacity proposed last year. The battery is to be built 10km southeast of the Australian capital, Canberra.
Hitachi Energy has won Northern Territory Labor’s tender for the Darwin-Katherine ‘Big Battery’, which is expected to unlock more capacity for residential and industrial PV, generate cost savings of $9.8 million and pay for itself in approximately five years.
The impression of another big battery being installed on the site of one of Australia’s recently decommissioned “coal clunkers” was lost on few. Battery system provider Fluence says the Hazelwood Battery Energy Storage System’s business case was bolstered by recent reforms and new technology to take advantage of rapidly changing wholesale electricity market dynamics.
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