Energy Storage

The California-based energy technology company has integrated with GreenSync’s Decentralized Energy Exchange (deX), making it possible for its customers to get more value out of their distributed energy assets and help the grid manage the challenges associated with the rapid penetration of intermittent renewables.

Distributed energy producer EDL has officially opened a 23 MW power station that integrates solar with gas and diesel generation to power Gold Fields’ Agnew Gold Mine in Western Australia. The project is part of an innovative hybrid microgrid, which will later add a wind array and battery storage.

Swiss investment firm SUSI Partners is investing up to $50 million in a residential solar-plus-battery project enabling participants from communities across Western Australia to generate and consume their own clean power for up to 90% of their needs. The project, which began a year ago, and involves residents leasing solar PV and battery systems from a not-for-profit organisation.

French renewables developer and big Australian energy player Neoen has reported strong revenue growth over the first nine months of 2019, driven in no small part by Australian successes.

After Genex Power’s offtake agreement with EnergyAustralia fell through earlier this month its concessional federal funding lapsed. However, the Project has secured an extension into 2020, hopefully allowing it enough time to restructure and reach financial close.

The Australian Energy Market Commission’s proposed transmission access model has come under fierce criticism from the clean energy industry for being unnecessarily complex and likely to increase the cost of capital for future generation and storage investment.

The New Zealand Rural Connectivity Group will use Redflow zinc-bromine flow batteries to store energy in off-grid telecommunication sites.

Market intelligence company Navigant Research has developed a country forecast of the global market. Incentives and pricing will be the main driver of installations, though the market will continue to be concentrated in certain key regions for now.

The Philippines is desperately hungry for rooftop solar PV as it seeks to alleviate itself of energy poverty. Pathways are finally opening up for the vast Southeast Asian nation with investors readying US$20 million to fund four new renewable projects.

A result of a collaboration between global accounting and financial services firm KPMG, Canadian gas giant ATCO, Australia’s national science agency CSIRO and Australian Renewable Energy Agency (ARENA), H2City can be used to assess the costs and benefits of regional town or municipality switching to hydrogen.