A new AC-coupled residential storage solution, which integrates the use of solar, battery storage, energy control and management technologies, will be available to consumers in South Australia and Victoria after the product secured approval for use in the two states.
Renewables developer Ace Power has secured its first grid connection agreements with the market operator for two battery energy storage projects in Australia, in what it says is a major milestone for the company.
Rystad Energy has countered the International Energy Agency’s recent “reality check” for the green hydrogen sector, predicting the momentum behind renewable-based hydrogen will gather pace in 2024 as global renewable energy capacity continues to expand rapidly.
Hong Kong-based private equity firm Gaw Capital Partners has teamed with Asian energy storage business BW ESS in a renewable energy venture that intends to develop more than 2 GW of utility-scale solar and battery projects in Australia.
Australia’s rooftop solar sector continues to shine bright with new data from the Australian Energy Market Operator revealing that distributed PV output across the main grid reached a record high in the final quarter of 2023.
Renewable energy generators chasing access rights to the new Central-West Orana Renewable Energy Zone network will be presented with a streamlined application process as the New South Wales government prioritises achieving financial close on the network project.
PV funding activity increased by 42% year-on-year in 2023, driven by strong growth in private market financing and debt financing, despite a decrease in the total number of deals, according to United States-headquartered consultancy Mercom Capital Group.
Mega-miner BHP has reportedly put a request for proposal out to energy suppliers seeking new wind, solar and battery energy storage capacity as it progresses plans to electrify and decarbonise its mining operations in Western Australia’s Pilbara region.
The Clean Energy Investor Group has warned that solar farms in southwest New South Wales and northwest Victoria could suffer from “large and unpredictable” swings in revenues because of material changes in marginal loss factors.
Frontier Energy has revised its strategy for the first stage of the proposed Waroona Renewable Energy Project being developed in Western Australia’s southwest to include a four-hour 80 MW battery energy storage system in a move that is expected to have significantly better economics than solar alone.
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