Markets

Woolworths is looking to further reduce its emissions by installing a 572 kW solar system atop its massive
Norwest Support Office in Bella Vista. However, the unique circumstances of the facility mean that solar developer Epho Commercial Solar is going to airlift the panels and system components onto the rooftop with a helicopter.

The Clean Energy Council’s latest “Clean Energy Outlook – Confidence Index” shows growing investor confidence nationwide despite the continuance of federal policy ambiguity and the economic impact of Covid-19. Investors and executives singled out NSW in particular as being among the most attractive states for renewable investment thanks to its positive statements and clear strategy.

A New Safe and Reliable Energy Storage and Conversion Technologies Research Hub is one of five grant recipients of the Australian Research Council’s funding for Industrial Transformation. The Hub will seek to develop new technologies in energy storage to eliminate the risk of fire, as well as addressing the environmental impact of current technologies. 

In its annual State of the Energy Market report, the Australian Energy Market Regulator has suggested that solar households should be asked to pay a network fee to be allowed to export energy to the grid.

Every crisis is a crossroads, and Australia is certainly at a crossroads. This week, a host of climate, development and investment leaders are backing Beyond Zero Emission’s green scaffolded Million Jobs Plan of Covid-19 economic recovery.

Adelaide-based renewable and microgrid energy solutions firm AZZO is taking advantage of its strong Australian root system to expand into the U.S. market. 

Despite unprecedented economy-wide impacts brought on by the Covid-19 pandemic, SA Water’s planned $300 million solar and energy splash in 2020 has managed to stay on track. Not only do the utility’s ambitions for a zero energy cost future remain within reach, but the utility is already planning more solar.

AGL, Australia’s largest carbon emitter, has updated its Climate Statement today, confirming its net zero emissions target by 2050 and announcing that all its products will now come with a carbon neutral option for customers to offset its emissions. AGL says the energy transition is a time to show its leadership but instead asks its customers to take the hit.

The City of Newcastle, home to the world’s busiest coal harbour, has seen its 5 MW solar farm generate double its projected revenue in the first six months of operation. The profits are a resounding endorsement and vindication of the Council’s audacious 100% renewable generation achievement.

Can this technology be commercialized? A partnership between Siemens Energy and EnergyNest to develop thermal storage solutions together is the latest development in an industry with lots of potential, but little practical application thus far.