Federation to launch multibillion-dollar energy storage platform
Australian investment firm Federation Asset Management has announced its intention to launch a new long-duration energy storage platform that is to have about 4 GWh of storage projects ready to take to financial close within two years.
Samsung C&T seeks approval for 320 MWh battery in NSW
The Australian renewable energy and storage arm of South Korean industrial conglomerate Samsung has submitted plans for another large-scale battery energy storage project to the federal government for environmental approval.
Acen seals deal to support growth of 13 GW Australian portfolio
Philippines-controlled Acen Australia has finalised a $750 million portfolio debt financing transaction that will support the operation and ongoing development of one of the largest renewable energy pipelines in the country and establish a platform for financing new projects in Australia.
Market ready vehicle-to-grid technology an energy transition game changer
Essential Energy, the CSIRO, renewable technology company Sigenergy and electric vehicle distributor AUSEV have jointly announced vehicle-to-grid technology is market ready in Australia.
Queensland backs 20 GWh pumped hydro project
The Queensland government is set to invest $50 million into a pumped hydro project with an energy storage capacity of up to 20 GWh as it works to develop a new five-year Energy Roadmap that is to be delivered by the end of 2025.
Pioneering ‘solar garden’ scores sustainability award
Australia’s first large-scale solar garden, the Haystacks Solar Garden in the New South Wales Riverina region has been named among the winners of the country’s longest running sustainability awards.
Recycled Nissan Leaf batteries support remote New Zealand EV chargers
New Zealand gentailer Meridian Energy has reported its Springs Junction electric vehicle (EV) chargers are now live, supported by recycled Nissan Leaf battery energy storage systems to combat the location’s variable electricity supply.
Li-S Energy inks deal to keep solar powered aircraft in flight for months
Australian battery tech company Li-S Energy has inked a stratospheric deal with New Zealand uncrewed aircraft developer Kea Aerospace, to incorporate its lightweight tech into the solar powered aircraft and extend flighttime from a day to many months.
Renewables are cheap. So why isn’t your power bill falling?
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?
Energy Vault acquires eight-hour battery project in NSW
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.
