Markets

Over recent years, the energy industry has been working hard to provide the structure and a regulatory framework for a market that recognises the value of coordinated demand response. Today marked the second wave — after the opening of the FCAS market in 2017 — of opportunity for organisations to trade their flexible electricity loads on the wholesale electricity market. The resulting efficiency gains are an important piece of the energy transition puzzle.

The 145 MW Cirata floating PV project achieved financial close in August. The developers claim that the array, which covers 200 hectares of the water’s surface, is an example of transferring new technology that will pave the way for Indonesia’s solar industry and enable the setting of new policies.

One year on from its spinoff from SunPower, cell and module maker Maxeon Solar Technologies is looking to supply both “across and through” the solar market segments in the Asia-Pacific region. Chris O’Brien, the vice president of APAC for Maxeon, says that the region is set to grow in importance among PV marketplaces, with opportunities on the home, business and free field.

The continued rollout of rooftop solar PV and large-scale wind and solar farms continues to reshape Australia’s electricity market with new data released by the Australian Energy Market Operator revealing that the penetration of renewable energy continues to drive new records in the National Electricity Market.

Construction has begun on a manufacturing pilot project to see battery-grade nickel, cobalt and manganese for precursor battery cathode materials (PCAM) in Perth. The facility is expected to be completed in early 2022 and is one of a number of developments that will look to establish Western Australia (WA) as a materials supplier to the growing battery manufacturing industry.

Sydney-based prefabricated solar array manufacturer 5B has taken the wraps off a new generation of its re-deployable modular Maverick solar technology which it says is not only quicker and easier to install than the previous model but 30% more powerful.

Mining giant Rio Tinto has been on the back-foot since its destruction of 46,000-year-old sacred indigenous sites last year, costing one chief executive his job and one country a timeless piece of its cultural heritage. Along with the impacts of Covid-19 and stock price decline, the company is seeking to rebuild its brand with improved emissions reduction targets, which will see multi-gigawatt solar and wind installations.

A report from Australia’s Future Battery Industries Cooperative Research Centre which analysed the development of battery hubs in the U.S., Germany and Japan, has found that co-location and cooperation between industry and government were key to hub success. For Australia to play the same game, it will have to leverage its wealth of resources, and clean up its act along the way.

Belgian materials company Umicore has signed a contract with Australia headquartered Vulcan Energy Resources to purchase up to 42,000 tons of lithium hydroxide over a five year period beginning in 2025. The material will be used in Umicore’s production of cathode materials for lithium-ion cell manufacturers.

A new study from researchers at the universities of Lancaster and Reading in the UK has managed to quantify the economic boost provided by the symbiotic relationship between solar farms and honeybee hives.