Energy Storage

Australian solar and storage technology firm RayGen has secured more than $51 million in new funding to accelerate the commercialisation and deployment of its concentrated PV and thermal hydro long-duration energy storage technology.

New South Wales-based clean energy company MGA Thermal has raised $5.7 million to prove the scale and industrial capabilities of its thermal energy storage technology that stores heat in blocks made largely from aluminium and graphite and dispatches it to generate electricity.

Applications for the first West Australian tender under the Commonwealth government’s recently expanded Capacity Investment Scheme will open mid-year with an initial target of 2 GWh of renewable energy storage projects.

The company behind the 250 MW / 2 GWh Kidston pumped hydro project being developed in north Queensland has given the tick of approval to a $381 million takeover bid from Japanese energy giant J-Power.

Australia’s largest energy retailer Origin Energy Limited (Origin) has entered into an agreement with Belgian company Virya Energy to acquire the Yanco Delta renewables project that comprises an 800 MWh battery energy storage system coupled with a 1.5 GW wind farm in southern New South Wales.

Endeavour Energy has activated the first community battery on its network in the New South Wales South Coast as part of a broader program the electricity distributor says will support a higher uptake of renewables and allow more households to access the benefits of rooftop solar.

Zen Energy has received a greenlight from New South Wales state-owned corporation WaterNSW to investigate transforming Sydney’s biggest water storage facility into a 1 GW pumped hydro project capable of supplying on-demand power for up to eight hours.

Australian-owned renewable energy investor and developer Quinbrook Infrastructure has announced financial close and the start of construction on a 250 MW / 500 MWh battery energy storage system that will form the first stage of a $2.5 billion renewables-powered data storage precinct in Queensland.

Australia’s energy sector is undergoing a notable shift with new data from market analyst Sunwiz showing a record surge in utility-scale battery energy storage projects over 10 MWh in 2023 while residential and commercial installations also reached new highs.

Three sleeping solar farm beauties in the Top End may receive the kiss of life with Northern Territory Chief Minister Eva Lawler indicating the government could buy them from their owner, but questions remain about grid stability.