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Markets & Policy

Work packages awarded for 48 GWh pumped hydro project

Queensland Hydro has announced more than $190 million in work packages linked to the construction of the 2 GW / 48 GWh Borumba pumped hydro energy storage project being developed near Gympie in the state’s southeast.

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Genex secures state-backed PPA for 750 MW solar project

Genex Power has struck an offtake agreement with Queensland government-owned energy giant Stanwell Corporation that will underpin the development of the 775 MW first stage of the Bulli Creek solar and battery project planned for the state’s southeast.

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WA battery recycling specialist to scale up UK ambitions

Australian battery recycling startup Renewable Metals intends to expand by a factor of 10 a demonstration-scale lithium battery recycling plant being developed in the United Kingdom after raising $8.1 million in a seed extension round.

COP29 to propose 1.5 TW energy storage target by 2030

This year’s UN Climate Change Conference could adopt a target to increase global energy storage capacity more than sixfold by 2030. To achieve this, the world would need to add more than 158 GW of energy-storage capacity annually.

IPC provides green light for NSW solar and storage project

Spanish-Japanese renewable energy company Univergy Solar and Australian partner New Energy Development have secured New South Wales government approval to build a 100 MW solar farm and 45 MW / 90 MWh battery energy storage system in the Yass Valley.

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Factory testing marks milestone for AVL value-adding vision

Australian Vanadium Limited has achieved another milestone in its ‘pit to battery’ strategy with the successful deployment of its vanadium electrolyte in a 78 kW / 220 kWh flow battery.

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New report highlights value of long-duration storage

State and federal governments are being urged to ramp up deployment of long-duration energy storage after a new report found significant capacity additions would result in 38% lower system costs than alternatives while playing a critical role in maintaining reliability as coal plants retire over the next decade.

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UQ tech captures PFAS chemicals for re-use in batteries

Researchers at the University of Queensland have developed technology to remove harmful synthetic fluorine-based chemicals from water in order to re-purpose them for use in batteries.

China connects first large-scale flywheel storage project to grid

The 30 MW plant is the first utility-scale, grid-connected flywheel energy storage project in China and the largest one in the world.

Innovation driving change in solar tracker market

Shipment volumes are growing in the global solar tracker market as innovation in project development drives demand. Joe Steveni, of S&P Global Commodity Insights, takes a look at the factors shaping the commercial landscape for trackers, from agrivoltaics and undulating terrain to Indian ambition and the United States’ Inflation Reduction Act.

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