Call it “latent energy” – Australia’s renewable resources are expected to help some of the world’s greatest polluters to reach their net-zero emissions targets, writes Natalie Filatoff, senior editor at pv magazine Australia.
Australia’s only lithium mine outside of Western Australia, Core Lithium’s Finniss Lithium Project, has produced “battery grade” lithium hydroxide, which it hopes will place it at the “forefront” of lithium production for the global renewable energy and EV markets.
New research shows renewables plus batteries would be able to offer Australia’s electricity grid the same energy security as coal and gas generators, leading to calls for regulatory changes.
AGL Energy has been remarkably busy in recent months trying to make itself look like a giant ship on the turn in the energy transition and not the Ever Given cargo ship stuck in the old sands of time. Now, AGL has announced plans to partition itself into two separate businesses which it says will provide them with the freedom to pursue their own agendas, but not everyone is convinced.
At AGL Energy’s Investor Day the energy giant revealed plans for a potential floating solar project on the site of its Loy Yang power station in Victoria. AGL, which is currently in the application process for a 200 MW battery at the site and is already producing brown hydrogen for export to Japan, is looking to leverage unused space to reduce emissions.
Concentrated solar thermal technology developed with input from CSIRO, the Australian National University and the University of Adelaide, has been funded for a commercial-scale test by the United States Department of Energy.
The Australian Energy Market Commission, Australia’s energy rule maker, today released its draft determination on how to integrate energy technologies like solar and batteries into the electricity grid. In the draft, the Commission revived its proposal for a solar tax, immediately stirring backlash.
Queensland’s government will install five community batteries at regional substations across the state in a bid to time-shift its abundant solar resources.
AGL’s nose pushes in front in the race that stores the nation with the announcement that construction on its 250 MW one-hour-duration battery at the site of its Torrens Island power station in South Australia is now underway. The announcement follows directly on from AGL having lodged a planning application for a 200 MW battery at its Loy Yang power station in Victoria.
MinterEllison’s second annual ‘Renewables Investment Report’ finds that over the past year Australia has become a safe haven for investment… The maturity of its renewable opportunities seems to outweigh existing challenges.
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