Energy Storage

South Korean company LG Energy Solution has partnered with Australian fintech financier Humm Group and renewable energy retailer Diamond Energy to provide customers with Virtual Power Plant platform. Virtual power plants (VPPs) are gaining momentum in Australia as a way to decrease buyback time on home batteries and potentially add stabilisation services to the grid.

The manufacturer has launched sodium-ion products online. Production has begun and will be easily scalable, according to the CATL chairman. Researchers have been keen to make the technology work as it offers a cheaper, more environmentally friendly alternative to lithium-ion products.

The time is now for the energy consumer, says Anna Bruce, as energy “prosumers” produce, consume, and provide electricity and grid services in previously unimagined ways. Bruce, a senior lecturer at the University of New South Wales’ School of Solar Photovoltaic and Renewable Energy Engineering (SPREE), leads work on the role of distributed energy resources in the energy transition, analysing firsthand the dizzying level of complexity it brings.

The City of Melbourne is planning a network of co-ordinated community batteries to be installed at council sites across the city, aiming for a potential capacity of 5 MW by 2024.

Boston startup Form Energy has secured US$200 million (AU$270 million) Series D funding for the development of what is being called a breakthrough in energy storage.

A gigafactory, as the name indicates, is a facility that aims to produce Li-ion cells at a gigawatt-hours scale of total capacity, so they can then be used in electric vehicles or stationary storage applications. The global production capacity of Li-ion cells is expected to reach 740 GWh by the end of 2021 – almost a threefold increase from 2017 – and Europe will account for 8% of the total. João Coelho, an analyst at Delta-EE, looks at how Europe plans to catch up.

Western Australian company Australian Vanadium Limited has been awarded $3.69 million in federal government funding to fast-track manufacturing of large-scale vanadium redox flow battery systems that can be used to support rooftop solar PV or in off-grid settings such as mining, agriculture and remote communities.

Brisbane-based battery casing company Vaulta has more to celebrate than just Brisbane’s winning 2032 Olympic and Paralympic bid. The company has won a Federal government Accelerating Commercialisation grant that will see its innovative design pushed ahead as the tide of electric vehicles rising globally.

Japanese giant Marubeni Corporation is backing Providence Asset Group’s plan for 30 regional projects which will integrate LAVO’s ‘green hydrogen batteries’, a new technology developed at the University of New South Wales.

Queensland network operator Powerlink has indicated battery storage will be a critical part of a bespoke strategy designed to solve system strength issues that have emerged as a challenge for renewable energy generation in the National Electricity Market.