Energy Storage

Power prices are set to go up again even though renewables now account for 40% of the electricity in Australia’s main grid – close to quadruple the clean power we had just 15 years ago. How can that be, given renewables are the cheapest form of newly built power generation?

United States-headquartered energy storage solutions company Energy Vault has inked an agreement to purchase the 125 MW / 1,000 MWh Stoney Creek battery energy storage project from Victoria-based renewable energy developer Enervest.

Australia’s rooftop solar uptake continued to surge in 2024 with a new report revealing more than 300,000 PV systems with a combined capacity of almost 3 GW were bolted on to the roofs of homes and businesses across the nation last year.

Pairing solar plants with battery energy storage systems will be the main strategic focus for the Philippines’ upcoming renewable energy auction. Each project must have a minimum storage duration of four hours to ensure sufficient grid support and energy reliability.

Rystad Energy research has forecast Australia’s 82% renewable energy by 2030 target, will fall short by 17% under what they describe as the most optimistic scenarios, with gas being a key to energy security and transition.

Voltage control specialist EcoJoule Energy has banked $15 million in capital it says will underwrite the company’s global expansion and support the wider deployment of technology designed to help stabilise the electricity grid as it adjusts to increasing levels of solar capacity.

China supplied three-quarters of a 1 TWh global battery market in 2024 and its domination enabled steep cost savings and a possible switch to lithium ferro-phosphate technology, according to the International Energy Agency.

Vales Point power station owner Delta Electricity has teamed with South Korean industrial conglomerate Samsung to develop a large-scale battery project alongside the aging coal-fired plant in New South Wales.

As a federal election draws nearer, the ways in which much-needed batteries in Australia’s electricity distribution network are incentivised is becoming highly political. With the rollout of community battery projects supported by the federal government underway, industry insiders are hoping that politicians settle on measures that will make distributed battery adoption mainstream.

Australian green infrastructure investor Quinbrook Infrastructure Partners has announced it will roll out at least 3 GW of newly designed eight-hour duration battery energy storage systems across the country as it seeks to realise the “holy grail” of 24/7 cheap, renewable power.