Markets

Wood Mackenzie places Australia fourth on its list of the globe’s top 10 storage markets, coming in just behind Germany, with the US and China unsurprisingly topping the list. The analyst expects the world’s cumulative storage deployments to reach 500 GW by 2031, according to its Global Energy Storage Outlook released today.

New research from the University of New South Wales (UNSW) predicts cumulative polysilicon demand of 46-87 Mt will be required to achieve 63.4 TW of PV installed by 2050.

The 2022 pv magazine Roundtables Europe focused on decarbonization throughout the continent. Linking sustainability to financial performance is a big part of this goal, as the second session, “Sustainability in action, raising the corporate bar,” attested to. During the panel discussion, four experts discussed end of life, circularity, material supply, project development, and the social community, as we approach terawatt solar scale.

The Australian Energy Market Operator has declared skyrocketing power prices and unprecedented market disruptions have confirmed the “urgent” need for the nation to fast-track its transition from a coal-dominated system to renewables, including wind and solar PV backed by batteries and other energy storage technologies.

The introduction of the Federal Government’s climate change bill to parliament has been welcomed with business and industry groups predicting the legislation will unlock hundreds of billions of dollars’ worth of export opportunities and investments in renewable energy, transmission and storage across Australia.

Australia is setting out to become a global hydrogen superpower – but the standards we’re applying to classify ‘green’ renewable hydrogen are falling well behind our global peers and the expectations of future customers. The heart of the problem is “we’ve separated the characteristics of energy from the energy itself,” Steve Hoy, founder and CEO of power tracing technology company Enosi, tells pv magazine Australia.

Melbourne’s Monash University will conduct a $1.18 million study into alternative market designs which better support energy storage technologies and drive clearer investment signals.

Energy efficient homes, like those with solar panels, fetch, on average, a premium of over 17% in Australia – though that figure grows to 28.9% in Queensland and 24% in Victoria, according to a report from real estate company Domain.

While curtailing solar and wind energy production can be viewed as a lost opportunity, NREL argues that it may be an important feature in the future energy grid dominated by low-cost renewable energy.

India will see a cumulative demand for around 600 GWh of lithium-ion batteries from 2021 to 2030 across all segments. The recycling volume coming from the deployment of these batteries will be 125 GWh by 2030.