Newcastle water-based battery developer wins $2.1 million grant for prototype
Allegro Energy has received a $2.1 million grant from the New South Wales government to create a sustainable, water-based battery prototype, made primarily from locally manufactured components and capable of storing energy for more than 10 hours.
500 kW solar and 2 MWh BESS projects boost Pacific nation’s clean energy goals
The pacific island nation of Tuvalu is on track to achieving its goal of 100% renewables by 2030, with the recent commissioning of a 500 kW rooftop solar project and 2 MWh battery energy storage system in it’s capital Funafuti.
Victoria adds new big battery with Rangebank switched on
One of the biggest battery energy storage systems built in Victoria has been officially switched on, providing essential system services for the electricity grid and helping to increase the state’s renewable energy hosting capacity.
Wartsila says signals must be right to safeguard battery investment
One of the biggest players in Australia’s surging battery energy storage system market says regulators and policy makers must establish effective frameworks for market access and get the market signals right to ensure continued investment.
Vast unlocks funding to fuel concentrated solar power plant plans
Vast Renewables has unlocked $30 million of federal government funding which it says will help ramp up manufacturing capacity for its concentrated solar thermal technology and advance construction plans for its first large-scale solar thermal project.
Engie signs ‘virtual battery’ deal with Neoen for Victoria battery
Renewables developer Engie has signed a “virtual battery” deal with fellow French company Neoen that will allow it access to the 40 MW of the Victoria Big Battery.
CSIRO venture plans 50 MW concentrated solar tech plant
CSIRO spin out FPR Energy has secured $15 million in seed funding to commercialise concentrated solar thermal technology that lends itself to long-duration energy storage for industrial processes, green fuel production and dispatchable power.
NSW approves 2 GWh battery energy storage system
AGL has secured state planning approval to build a 500 MW battery with four hours of dispatchable capacity near Newcastle on the New South Wales Central Coast.
Transgrid turns to batteries to provide capacity increase for NSW network
New South Wales electricity transmission company Transgrid has contracted the 150 MW / 300 MWh Riverina and Darlington Point battery energy storage systems to unlock extra capacity on its existing network in the state’s southwest as more renewables come online.
BESS are becoming more attractive
As battery energy storage system costs plunge, energy price volatility is shortening payback times for storage solutions. This shift, driven by a surge in intermittently generating renewables, and ongoing innovations in battery manufacturing, marks a pivotal moment for energy markets worldwide.
