Energy Storage

Australian renewable energy tech start-up Okra Solar has raised $3 million to scale up distribution of its solar-based hardware and software solutions and electrify more than 290,000 off-grid homes in Nigeria in the next three years while expanding its operations in Haiti and other countries.

A couple of weeks ago, Goldman Sachs sent shockwaves through battery metals markets, issuing a prediction that cobalt and lithium in particular were due for a sharp price decline in the next two years. But London-based Benchmark Mineral Intelligence is loudly pushing back, outlining its reasons why it believes the call on lithium was wrong. Meanwhile, US analyst Wood Mackenzie says that the battery raw material chain will remain tight, but notes that recycling could help to ease the supply deficit.

Western Australia is set to exit coal-fired power by the end of the decade as state-owned power provider Synergy will close its two remaining coal plants by 2029 in response. Western Australia Premier Mark McGowan said coal was no longer viable due to the high-penetration of solar, particularly rooftop. McGowan also announced a $662 million boost for the coal-town of Collie’s industrial transition and $3.8 billion in statewide renewable investment, with a focus on energy storage.

The US multinational will expand the solar and battery energy storage manufacturing capacity at its factory in Tamil Nadu to 9 GW per annum by the end of 2022. The factory manufactures the FlexInverter power conversion solution and the FlexReservoir utility-scale energy storage systems.

Resource sector heavyweight Rio Tinto has called for proposals to develop an estimated 4GW of large-scale wind and solar farms and firming capacity in central and southern Queensland as it progresses plans to power its aluminium operations in the state with renewable energy.

Australian battery minerals company Liontown Resources has completed negotiations to supply electric vehicle and battery maker Tesla with spodumene concentrate from its Kathleen Valley lithium project in the Goldfields region of Western Australia.

Chinese battery manufacturer BYD has launched an expanded portfolio of energy storage systems designed for the commercial and industrial solar markets. At The smarter E in Munich last month the company also provided a sneak peak at a new high-voltage storage system expected to be launched later this year.

Melbourne-based 8 Star Energy has been announced as a distribution partner alongside Germany-based Memodo as world leading battery brand Energizer launches its Energizer Solar PV portfolio across Europe.

Australian miner IGO is claiming an Australian first in its joint venture with China’s Tianqi Lithium after producing battery grade lithium hydroxide, a key component in rechargeable battery technology, at its Kwinana refinery in Western Australia.

Scientists in the United Arab Emirates have looked at how off-grid rooftop PV could be combined with batteries, fuel cells or reversible solid oxide cells for energy storage. The modelling assumed a typical commercial building in Los Angeles.