Markets

Wood Mackenzie says that solar will account for 59% of new renewables between 2024 and 2033. China is expected to drive the growth, accounting for half of new solar deployment over the projected time period.

Market intelligence platform TrendForce says 210 mm n-type technology is “set to spearhead a new industrial revolution.” It expects 210mm modules to account for 78.29% of the large-format module market this year, increasing to 82.51% by 2027.

United States-based hydrogen fuel cell manufacturer Hyzon has announced it will halt its operations in Australia, citing challenging market conditions and waning government support.

The Queensland government has launched Australia’s first battery supply chain database to help local companies identify business and supply chain opportunities and to support domestic production and connect with potential investors.

The world’s reliance on the internet, the shift to cloud computing, and the emergence of AI all fuel demand for more and more data centres. The International Energy Agency projects that by 2026, data centres will consume more than 800 TWh annually, more than double their consumption in 2022.

Victorian solar company Solar Run has identified Queensland’s “aggressive” renewable energy policies as the driver for the state’s impressive PV installation rates with new analysis showing it leads Australia with more than 54,000 installs.

The roll out of rooftop solar in Australia has slowed with a total of 248 MW of new capacity registered across the country in June, a 14% decline on the previous month and the lowest tally since January.

Australian flow battery specialist Redflow has struck a partnership with Queensland state-owned generation company Stanwell to work together on the development of a non-lithium long-duration battery energy storage solution for use in a 400 MWh project.

The Northern Territory government has detailed plans to convert one of the gas-fired turbines at the Channel Island power station to operate as a synchronous condenser as a new report reveals the Territory’s electricity system is in a “prime but precarious” position.

The Australian government has beefed up its commitment to community batteries to support the integration of renewable energy in the grid with more than 420 battery energy storage systems to be installed in neighbourhoods across the country as part of its Community Batteries for Household Solar program.