Markets

Two events in the past week mark a watershed for Australia’s electricity industry.

Australian company Natural Solar has seen a 400% increase in battery installs across Australia within two years. The company’s CEO Chris Williams told pv magazine Australia that Victoria has led demand, growing 350% in the second half of 2021 alone. Williams believes the surge has been driven by several compounding factors.

AGL has this morning rejected an “unsolicited” $8 billion takeover bid from software billionaire Mike Cannon-Brookes’ Grok Ventures and Canadian fund manager Brookfield. Cannon-Brookes described the consortium as “disappointed” by AGL’s decision, saying it will continue to “move forward” with the bid which would dramatically accelerate coal retirements in Australia.

Origin Energy’s announcement that it is accelerating the closure of Australia’s largest coal-fired power station has triggered calls for the Federal Government to develop a nationally co-ordinated approach to manage the retirement of fossil fuel generation as well as support investment in new clean energy generation.

One of Australia’s largest residential and commercial solar PV retailers and installers has announced it will exit the market, declaring low margins and once-in-a-generation disruptions to the supply chain brought on by the Covid-19 pandemic have taken a toll.

British analyst GlobalData has predicted residential and commercial rooftop panels will not return to a declining price trend until next year, with post-Covid logistics headaches the cause, rather than a polysilicon shortage.

Renewable energy investors have again shattered the New South Wales Government’s expectations with more than 80 clean energy projects representing more than $100 billion of potential investment registering for the Hunter-Central Coast Renewable Energy Zone.

Australia’s first national battery recycling scheme, B-cycle, launched today giving Australians the opportunity to drop their spent household batteries at a collections bins in supermarkets, stores and community clubs across the country. 

Australia has hit a historic milestone, reaching 25GW of installed solar. As the Australian PV Institute noted on Monday, that’s more solar per capita than anywhere else in the world.

U.S. company Verdagy has secured a US$25 million (AU$35 million) investment for its new electrolyser technology, which provides hydrogen fuel for heavy industrial applications. The membrane-based technology uses large active area cells, high current densities, and broad operating ranges to deliver hydrogen at scale.