Markets & Policy

NREL scientists have unveiled a storage system based on a phase-change material that can store both thermal energy and electricity in a single device. According to the researchers, the new technology may be used to store excess electricity produced by on-site solar or wind operations in large scale buildings.

The new plan would require the deployment of around 15 GW of new PV capacity each year to 2030. The agreement also includes the gradual phasing out of all coal power plants by the end of the decade.

Through the Green Electricity Tariff (GET) program, the government will offer 4,500 GWh of power to residential and industrial customers each year. These will be charged an additional MYE0.037 (AU$0.012) for each kWh of renewable energy purchased.

A new Ernst & Young power and utilities overview report shows that utilities and other deep-pocketed investors are putting financial support behind their environmental, social and governance initiatives.

Ongoing growth in both renewable generation capacity, including rooftop solar, large-scale wind and solar, and dispatchable power in the form of big batteries is expected to drive down household power bills across the National Electricity Market in the coming years despite the impending closure of several of Australia’s ageing fossil-fuel fired power stations.

Spark Infrastructure looks set to be sold off with the Foreign Investment Review Board giving its tick of approval for a North American consortium led by private equity giant Kohlberg Kravis Roberts to acquire the Australian electricity network operator.

As Australia, like much of the world, battles shortfalls in supply with solar module prices rising and Chinese companies’ stocks decreasing, the country’s only manufacturer, Tindo Solar, has opted to release emergency stocks. Likewise, Chinese giant Longi is working to guarantee supply for Australia, saying its vertical integration has afforded it extra security.

Members of both the upper and lower houses of Parliament are moving to ban the importation of goods made with forced labour by introducing a bill which, if passed, would have profound repercussions for Australia’s solar industry.

Brisbane’s eleXsys Energy has won a government grant which will allow the company behind Australia’s largest grid-connected microgrid to build its manufacturing base here in Australia.

Following years of lobbying, the Standards Australia Committee has removed the requirement for rooftop solar installations to include a DC isolator.