Energy Storage

Queensland-based ReNu Energy will acquire up to a 20% stake in fellow Brisbane company, startup Vaulta, which has developed battery casings designed for reuse and recycling. Vaulta will use the eventual $1 million (USD 700,000) investment from ReNu to scale its manufacturing capability and expand domestic and offshore sales.

Geelong is set to become home to a $300 million (USD 210 million) lithium-ion battery gigafactory. Recharge Industries, part of a portfolio from US fund Scale Facilitation, is aiming to start construction by the end of the year, targeting 2 GWh of production annually in 2024 and 6 GWh by 2026. The company is reportedly aiming to produce batteries without using Chinese materials, and appears to be part of a deepening supply chain play between Australia and the US.

The benefits of microgrid technologies will be explored by the Queensland government as it seeks to improve the resilience and reliability of electricity supply for remote and regional communities with an initial $10 million (USD 6.8 million) allocated to support the development of a pipeline of microgrid projects across the state.

A government-backed incentive scheme established to accelerate the introduction of distributed solar energy storage in the Australian Capital Territory is to be wound up having achieved its target of subsidising the installation of about 5,000 batteries over the past seven years.

Schneider Electric’s new Schneider Home platform includes a smartphone app to monitor and allocate energy resources.

New Zealand is set to have its first big battery by 2024, after Meridian Energy awarded a contract to build the 100 MW / 200 MWh Ruakākā Battery Energy Storage System to Saft, a subsidiary of TotalEnergies.

Major shopping centre landlord, Vicinity Centres, has teamed up with Enel X to potentially deploy up to 50 MWh of cumulative energy storage capacity. The partnership kicks off with two battery fit outs in Victoria and New South Wales, and follows a $73.2 million (USD 50 million) solar rollout across Vicinity’s shopping centres.

Australian miner Core Lithium has made the transition to lithium producer with 15,000 tonnes of unprocessed ore from its Finniss mine in the Northern Territory now heading to China where it will be converted into materials for the global renewable energy storage and electric vehicle markets.

Gravitricity, an Edinburgh-based storage specialist, aims to develop the first full-scale demonstration of its underground hydrogen storage solution by working with structural engineering contractor VSL Systems UK.

French renewable energy giant Neoen has begun construction on its 200 MW/400 MWh Western Downs Battery in Queensland, next to the developer’s 460 MWp Western Downs solar farm. The Western Downs Battery is Neoen’s fourth big battery in Australia and brings its storage portfolio to 776 MW/1,279 MWh in operation or under construction.