Energy Storage

CEP.Energy has joined the race that stores the nation, the race, that is, for big battery supremacy. Joining giants like AGL, Origin Energy and Neoen, CEP.Energy has announced plans for a 1.2 GW megabattery in the Hunter region of New South Wales. The battery is one of four in a 2 GW battery storage portfolio planned throughout Australia.

UK-based Social Energy launched in Australia with the help of shareholder Shane Warne back in 2019. Now the smart energy firm is being backed with a significant investment from US-based alternative investment fund manager CarVal Investors in order for the company to rapidly grow Down Under.

In what is believed to be a Victorian first, CitiPower and Yarra Energy Foundation will parter to create a community battery network in the Melbourne CBD and inner-city suburbs.

In November last year, Cornwall Insight Australia estimated Australia had 7 GW of battery storage projects in the pipeline. Since then, massive amounts of storage capacity have been added.

Nicola Murphy, SA Water’s Senior Manager, Zero Cost Energy Futures has the sunniest disposition as she works steadily to ensure the substantial energy needs of the state’s vital water utility are solar powered from source to faucet.

Chemical engineers at the University of New South Wales and the University of Sydney have made a significant technological breakthrough in the development of green ammonia. The breakthrough could not only alter the global ammonia industry, but more easily use solar to produce green ammonia for export to countries like Japan and Germany instead of straight hydrogen.

Hydro Tasmania and buyers Macquarie Group and ERM Power have signed a ‘Virtual Storage’ deal which will see the pumped-hydro company sell the rights to its highest priced periods of ‘discharge’ and buying a fixed MW block of low-priced ‘charge’. The innovative contract is the product of the ARENA-funded Renewable Energy Hub.

A new report from Wood Mackenzie suggests costs of front-of-the-meter battery storage systems in the Asia Pacific region could decline by 30% by 2025. The declining costs are already having a palpable impact as 2021 has opened with a slew of large-scale battery project announcements.

After a rocky start the Victorian Labor Government’s ambitious Solar Homes program gets the rebate recipe right and celebrates a major milestone in the push to have 50% renewable energy in its grid by 2030.

Origin Energy has announced the progression of plans for a 700 MW megabattey with a dispatch duration of four hours at the site of its Eraring coal generator in the NSW Hunter region. The ageing Eraring Power Station is Australia’s largest, supplying approximately a quarter of NSW’s energy needs, and set to retire in 2032.