The 4.6 MW Manilla Solar project in New South Wales is continuing its ambition of becoming Australia’s largest community-funded solar farm, inviting locals and national investors to contribute to its latest crowd raise, opening October 26.
Australian company Rux Energy is commercialising technology that uses highly porous nanomaterials to coat tanks for hydrogen storage, claiming significant improvements to the cost, safety and efficiency of what remains a major industry barrier. It has secured funding in the Australian government’s latest round of research grants, and recently opened an office in Essex off the back of industry trials now underway in the UK.
Canada Fortescue Future Industries has withdrawn its proposal for the Coyote Hydrogen project in British Columbia, Canada, noting it may resume the project if pricing and availability improve.
The federal government has announced it will double the amount of storage projects being sought in the next found of tenders for its Capacity Investment Scheme, upping it from 2 GW / 8 GWh to 4 GW / 16 GWh. The solar and wind tenders have also been increased, moving from 4 GW to 6 GW.
Founder and former CEO of SwitchDin Dr Andrew Mears is launching his new venture, Tesseract ESS, at Melbourne’s All Energy today. The proposition expands on his previous technologies to deliver a ‘storage-as-a-service’ model focused on Australia’s C&I segment, providing battery and solar systems at $0 CAPEX to Australian farmers, manufacturers and other businesses. Pv magazine Australia spoke to Mears ahead of the launch.
The Australian government will supercharge its program of underwriting renewable energy generation and clean dispatchable capacity by significantly expanding the next auction in its flagship Capacity Investment Scheme policy.
Australia tops the leaderboard for reducing its use of unabated fossil fuels and increase in clean power through sources like solar energy, and faster than electricity demand, according to the International Energy Agency’s World Energy Outlook 2024 report.
The International Energy Agency’s Renewables 2024 report has forecast Australia will add 53 GW of renewable capacity between 2024-2030, with a nearly 65% share being from a mix of utility, rooftop and green hydogen production solar.
Australian renewable energy and battery storage development company MPower Group has sold its 4.99 MW Narromine renewable energy project in New South Wales to Singapore-based Ampyr Distributed Energy via conversion of project funding into equity in the project.
A 1 MW community-owned battery energy storage system could earn the operators up to $250,000 in revenue each year in Australia according to new analysis from Ireland-headquartered smart energy company GridBeyond.
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