LCOE from large scale PV fell 4% to $50 per megawatt-hour in six months
Analysts at Bloomberg New Energy Finance say the lowest-cost projects financed in Australia, China, Chile and the UAE in the last six months hit a levelized cost of energy of just $23-29/MWh and the best solar and wind projects will produce electricity for less than $20/MWh by 2030.
Despite solar woes, Tesla recorded its first profitable Q1
Tesla finished the first quarter of 2020 with a positive GAAP net income, driven by the profitability of the Model Y. However, the story was not so bright for solar, storage or corporate governance.
Diamond bright, QUT researchers shine light on energy storage solution
Researchers at the Queensland University of Technology have proposed a new design of a diamond nanothread bundle that could found a new form of mechanical storage, which, pound-for-pound, is three times more powerful than lithium-ion batteries.
NSW government to fast-track approvals for Snowy 2.0 project
In a bid to boost the state’s economy and create jobs amid the Covid-19 crisis, the New South Wales government will accelerate the assessment of 24 projects, including the $4.6 billion Snowy 2.0 pumped hydro storage project.
New white paper attests to Tasmania’s deep storage potential
New analysis highlights the need of, and Tasmania’s potential for, deep storage to back up Australia’s future energy market. Tasmania is determined to become the Battery of the Nation.
5B chooses Enphase inverters to bring power to bushfire communities
Sydney-based pre-fabricated solar array manufacturer 5B has selected Enphase IQ 7+ microinverters for the Resilient Energy Collective bushfire relief campaign. The initiative is looking to install stand-alone solar and Tesla battery systems at up to 100 sites around Australia affected by bushfires and floods.
Toyota unveils the first stage of its Altona green hydrogen hub
Toyota Australia has marked the 50th anniversary of Earth Day with the unveiling of the first stage of its green hydrogen production and refueling center at its former manufacturing site in West Melbourne.
Power Ledger, Nicheliving partner for large-scale solar energy trading rollout in WA
More than 100 apartments in Western Australia will get access to blockchain energy trading technology on the back of a three-year deal signed by Power Ledger and developer Nicheliving.
‘Super-peak’ firming contracts open up new opportunities for battery storage
What makes this contract different is it covers only the high-demand hours when rooftop PV output is low, opening new markets for on-demand energy resources, such as battery storage. This and other standardized hedge contracts designed for clean energy technologies are hosted on Renewable Energy Hub’s digital firming marketplace.
NEM 5-minute settlement delayed until 2022
Australia’s energy regulators say their COVID-19 power plan released last week is designed to ease regulatory pressure on the industry and strike a balance on reforms and changes: some must continue at pace while others will be slowed or deferred.
