Energy Storage

The Australian Energy Market Operator has issued new warnings of potential breaches in the reliability standards for the National Electricity Market in coming years due to delays in key transmission projects and looming retirements of coal-fired generators.

Budget night unveiled more than $8 billion of support measures to grow the domestic hydrogen industry for its place on the global stage, which energy billionaire Andrew Forrest suggests could make Australia the Saudi Arabia of clean energy.

Tasmania and Victoria have been guaranteed a combined 1.7 GW of the 6 GW of new variable renewable energy projects the Australian government is targeting as part of what is the largest single renewables tender in the country’s history.

The capacity of a battery energy storage system to be built alongside the coal-fired Stanwell power plant in central Queensland has received a “mega boost,” increasing to 1.2 GWh as the state government looks to ramp up energy storage capacity to support the transition to renewables.

Also on the rise: California crosses 10 GW battery storage threshold; Philippines set to add almost 2 GW of new solar in 2024; CATL unveils Ev with 1,000km range; and more.

The federal government’s 32 GW Capacity Investment Scheme is already bearing fruit with a competitive tender seeking 600 MW of energy storage capacity in Victoria and South Australia attracting 19,000 MW of project proposals.

Akaysha Energy has secured $250 million in new financing that will accelerate the development of two large-scale battery projects in Queensland set to add a combined 710 MWh of energy storage capacity to the National Electricity Market.

French renewable energy and storage developer Neoen has initiated construction of the next stage of what will be one of Australia’s largest battery energy storage systems after securing a second four-hour capacity services contract for Western Australia’s main electricity grid.

Australian clean energy developers Atmos Renewables and Nomad Energy have received the green light for a 100 MW, four-hour battery energy storage system to be built near Merredin in Western Australia’s central Wheatbelt region.

The International Energy Agency has issued its first report on the importance of battery energy storage technology in the energy transition. It has found that tripling renewable energy capacity by 2030 would require 1,500 GW of battery storage.