Markets

In a bid to encourage competition, the Morrison Government has announced its formal application of the Consumer Data Right regime to the energy sector. It is a move supported by the Australian Energy Council and Energy Consumers Australia but how much power can the consumer expect in the Big Data revolution?

Representing virtually every major energy company in the country, the Australian Energy Council has called on the Coalition to set a target of net zero emissions by 2050. The call follows Opposition Leader Anthony Albanese capitating extension of an olive branch in his speech to the National Press Club this week.

Redflow Batteries’ latest partner is Northern Territory veteran power-related products company Delta Electrics. Andrew Boller, General Manager of Delta Electrics, believes Redflow’s zinc-bromine batteries are ideally suited to the hot, demanding conditions of the Top End.

A very small number of PV systems installed on Australian rooftops are considered to be potentially unsafe, the Clean Energy Regulator’s new report finds. Water entering DC isolators is identified as the greatest risk and the most common cause of PV system failures.

Anthony Albanese has proposed negotiations for a bipartisan agreement on an energy policy framework to create greater certainty for investment.

Singapore-based commercial and industrial solar developer Cleantech Solar has secured a US$75 million in green finance from ING Bank, the Asia Pacific’s largest ever C&I solar green loan. As the world’s fastest growing electricity market, South East Asia is crying out for this kind of investment.

The government’s task is to identify and develop a suite of energy technologies that can provide low-cost, low-emissions electricity system of the future, and the Clean Energy Council says that this can be achieved by leveraging Australia’s comparative advantage and the mature industry built around solar and wind. Technologies that extend the life of higher cost, fossil fuel generation should not be prioritized for investment, the CEC says, instead, the roadmap should focus on plenty of challenges to accelerate renewable energy investment.

U.S.-owned business intelligence firm Wood Mackenzie has attempted to evaluate the market opportunities offered by the repowering of solar projects around the world which feature inverters which are 10 years old – as well as those which will expire ahead of time.

The Minerals Council of Australia has released its long-awaited Climate Action Plan. The plan has been widely criticised for its empty posturing and at least one group of major investors are demanding the Council articulate some of its conspicuously vague plans.

Scientists in Morocco have designed a new bifacial module with a cooling system, based on bifacial parabolic solar cells that are connected to each other via tubes for panel cooling. They are now patenting the tech, but have yet to manufacture an initial prototype.