Utility scale, rather than behind-the-meter batteries will drive energy storage take-up – Bloomberg u-turn
The analyst has published its latest Energy Storage Outlook report and says large scale deployment will provide the majority of the 1,095 GW/2,850 GWh of battery storage worldwide in 2040, with prices driven down further by grid services demand and EVs.
Jemena gearing up to make NSW gas network greener in five-year trial
Energy infrastructure company Jemena has confirmed the purchase of New South Wales’ first electrolyser which will utilise renewable energy to produce green gas for cooking, heating and hot water in homes and businesses.
Solar drives renewable energy share up above 30% in winter
Even though it is winter, solar capacity is now sufficiently large that it drove renewable energy’s share of the electricity market up above 30% in the middle of the day for 20 out of 30 days of June, finds Green Energy Markets.
Australia’s green bank to sharpen focus on storage following record investment in renewables
After it deployed a record $1.3 billion into the clean energy sector in a 12-month period, the Clean Energy Finance Corporation said it will sharpen its focus on energy storage and other technologies to support the stability of the national grid.
19 plans to advance hydrogen show momentum is building across the globe
A report released by the Future Fuels CRC (FFCRC) details the work of 19 separate hydrogen roadmaps from around the world, showing the focus and drive towards a hydrogen future. While in sync in terms of forecasts suggesting large scale and rapid deployment of hydrogen technologies is expected from around 2030 onwards, the roadmaps seem to have been developed in isolation from one another, the report finds.
India leads with cheapest renewable power in Asia Pacific, followed by Australia
The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition. In Australia, solar is expected to break through the coal-fired electricity price barrier next year, when its cost falls to US$48/MWh, WoodMac finds.
Lithium oversupply hurts Australian miners
With miners around globe stepping up their production capacities to cater to the demand of the electro-mobility and energy storage sectors, supply has outpaced demand leading to a steep decline in lithium prices. Amid slowing growth in China, a number of Australian lithium miners are hurting.
South Australia’s Tesla virtual power plant powers ahead, delivering cheaper energy
South Australia’s virtual power plant is nearing the potential Phase 3, which could see 50,000 homes connected becoming the equivalent of a 250 MW network of decentralized power generating units.
New renewable energy planning policies for South Australia proposed
As it transitions from a wind-dominated renewable energy mix to include a wider range of energy options such as large-scale PV, pumped hydro and battery storage projects, South Australia is considering new planning policies.
NSW waves through hotly contested 110 MW solar farm near Gunnedah
The Independent Planning Commission has approved a $94 million solar project near Gunnedah in New South Wales, under some added conditions.
