Energy Storage

The two batteries have a storage capacity of 13 and 19.5 kWh, respectively. Both lithium-ion systems use LiFePO4 as the cathode material and have a round-trip efficiency of over 86%.

Energy Vault’s EVx storage system is comparable to pumped hydro, using grid-scale renewable energy when supply is abundant to drive motors and raise 30-ton blocks on a six-arm crane tower, rather than water, up to a height. When power needs to be discharged back to the grid, the blocks are lowered, harvesting the kinetic energy.

Solar PV technology manufacturer Canadian Solar plans to quadruple its battery manufacturing capacity by the end of 2023. A part of that strategy is a new 2.8 MWh lithium-ferro phosphate battery which will be unveiled at the RE+ conference in California this week.

Prime Infra recently acquired a 500 MW pumped storage hydropower project in Rizal province in the Philippines. The company is also developing a 1.4 GW facility in the country.

Construction of a large-scale solar-powered green hydrogen and ammonia development in Western Australia will begin next month with ammonia producer Yara and the Australian arm of French renewables giant Engie announcing on Friday the final investment decision on the $87.1 million project.

The New South Wales government has moved to fast track the development of the 700 MW/1400 MWh Waratah Super Battery as it looks to shore up a reliable energy supply ahead of the impending closure of the country’s biggest coal generator.

The Australian arm of French renewable energy developer Neoen has lodged an application to build a 1000 MW /4000 MWh big battery in Western Australia as the state government looks to ramp up energy storage capacity to support its planned transition from coal-fired power to renewables.

Australian battery minerals company Liontown Resources will install what is shaping to be the nation’s largest off-grid renewable energy hybrid power station at its $545 million Kathleen Valley Lithium Project in Western Australia, allowing the mine to be powered by 100% on-site renewables during periods of high wind and solar resource.

German investment management company Aquila Capital has expanded its Antipodean asset base, inking a deal to buy a 220 MW/440 MWh portfolio of battery energy storage projects in South Australia from Spanish renewables developed Gransolar Group.

Perth-based battery technology company Lithium Australia’s 100%-owned subsidiary Envirostream has ramped up its battery recycling efforts, signing an agreement with South Korean manufacturer LG Energy Solutions to process at least 250 tonnes of its lithium-ion batteries over the next year.