Markets & Policy

New research from the University of New South Wales outlines the need for solar cell and module makers to reduce or eliminate the use of silver in their products. Based on expected PV growth, in line with climate change commitments, solar manufacturers would require at least 85% of global silver reserves, according to the new study.

Before Puerto Rico had a chance to recover from Hurricane Maria, in 2017, it was rocked by earthquakes and then, in September 2022, the island was struck again – this time by Hurricane Fiona. These disasters severely impacted Puerto Rico’s infamously fragile power grid, but have emboldened local communities to take power into their own hands through solar and battery storage, and increasingly in the form of microgrids. Compelled by catastrophic circumstances, Puerto Rico must now push toward energy resilience and in the process may see itself become a model not just for other islands, but mainland grids as well.

World-leading solar researcher UNSW Scientia Professor Martin Green says that PV research activities in Australia right across the value chain will be accelerated by the recent $41.5 million (USD 28.5 million) funding awards from the Australian Renewable Energy Agency. The funding will foster the development of ultra-low-cost solar by extending and expanding nine UNSW solar research programs.

Gravitricity, an Edinburgh-based storage specialist, aims to develop the first full-scale demonstration of its underground hydrogen storage solution by working with structural engineering contractor VSL Systems UK.

French renewable energy giant Neoen has begun construction on its 200 MW/400 MWh Western Downs Battery in Queensland, next to the developer’s 460 MWp Western Downs solar farm. The Western Downs Battery is Neoen’s fourth big battery in Australia and brings its storage portfolio to 776 MW/1,279 MWh in operation or under construction. 

The New South Wales government aims to “turbocharge” the state’s transition from coal and gas to a renewables-based grid with a commitment to reduce greenhouse gas emissions by 70% in little more than a decade on the pathway to net zero emissions by 2050.

The New South Wales government has declared the Illawarra region on the state’s south coast is set to become a renewable energy and clean manufacturing powerhouse after outlining plans for a coordinated renewable energy zone that will deliver at least 1 GW of new network capacity as the state transitions from fossil fuels to renewable energy.

Danish investment firm Copenhagen Infrastructure Partners has sharpened its focus on long-duration storage in Australia, announcing it has acquired the proposed Bowen Renewable Energy Hub project that is expected to combine 1.4 GW of pumped hydro storage with huge solar and wind generation.

Australian software company OpenSolar plans to speed the development of its free online solar design and sales platform and drive customer expansion globally after securing a funding injection of more than $22 million (USD 15 million).

The federal and New South Wales governments have combined on a landmark $7.8 billion (USD 5.25 billion) investment to help finance the development of eight critical transmission and renewable energy zone projects as they look to accelerate Australia’s clean energy future.