Contact teams with Tesla on 200 MWh battery for NZ
New Zealand generator and retailer Contact Energy has announced plans to build a 100 MW / 200 MWh battery energy storage system on the country’s North Island that will support the development of new renewables including solar generation.
Queensland breaks ground on $5bn CopperString project
The Queensland government has broken ground on the $5 billion CopperString transmission line project that is to stretch across the state’s north, connecting the region to the national grid and helping to unlock an estimated 6 GW of renewable energy resources.
WoodMac predicts 3.8 TW of new solar by 2033
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.
TrendForce says 210 mm module shipments surpassed 260 GW in Q1
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.
Hydrogen vehicle maker Hyzon confirms exit from Australian market
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.
HMC announces seed investment for planned 15 GW clean energy platform
Australian asset manager HMC Capital has signed a $50 million deal to acquire a majority stake in Sydney-headquartered battery project developer Stor-Energy as part of its push into the renewable energy sector.
Victoria pumps $4 million in to boost rooftop PV roll out
More than $4 million will be delivered to seven commercial providers to support the installation of rooftop solar and electric hot water systems at scale as the Victorian government pushes ahead with its plan to transition to all-electric homes across the state.
Queensland launches battery supply chain database
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.
Tesla battery deployment up 157%; Megapack pricing down 44%
In its latest quarterly press release, traditionally focused on vehicle production, Tesla revealed a significant increase in energy storage deployment, officially reporting revenue for 9.4 GWh of deployed storage products.
Digital world driving growing demand for renewable generation
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.
