Markets & Policy

The US National Renewable Energy Laboratory’s (NREL) final report on the future of storage presents “key learnings” from a series of six in-depth studies.

Australia’s inventories of critical materials for batteries have seen major increases recently, with vanadium up 23%, lithium up 8%, rare earths up 4% and platinum group elements up 185% in the year to December 2020.

West Australian company Vulcan Energy Resources, backed by mining magnate Gina Rinehart, has signed a geothermal heat energy offtake agreement with a major German energy supplier, MVV Energie. Vulcan is planning to eventually secure a lithium supply from the same deep brine source in the Upper Rhine Valley, Germany.

The device is based on a standard, two-electrode electrochemical cell containing conductive polymers, a carbon-graphene hybrid, and a non-flammable liquid electrolyte. The battery cells were tested to perform for 12,000 cycles at 100% depth of discharge.

Australia’s most powerful energy industry participants have actively resisted the move to a low-carbon economy. Now, the country known as a sandbox for technology has become a sandbox for a new model for decarbonisation – one which has seen billionaires and giant fund managers sidestep politics to use the free market in strategic and potentially disruptive ways. pv magazine Australia’s Bella Peacock reports.

French renewable developer Neoen has signed a seven year agreement with energy giant AGL to provide 70 MW / 140 MWh of ‘virtual battery capacity’ in New South Wales.

A major Western Australian mine targeting the global vanadium battery market was this week found to be bankable, with feasibility studies confirming the project’s “strong commercial case for development,” its owner Australian Vanadium Limited said.

Infinite Blue Energy has announced a partnership with Indigenous-owned Boya Energy on the green hydrogen project it has planned for the 11 MW Northam solar farm east of Perth.

Increased demand and continual outages at gas and coal power plants in Queensland have seen a rise in the occurrence of extreme price spikes. The timing of these spikes, typically at peak hours between 5pm and 8pm, are seeing solar revenues soar just as the sun is setting.

Indian renewable energy developer Greenko Group has partnered with Belgium’s John Cockerill to develop a green hydrogen electrolyser factory with a capacity of 2GW per annum. The partnership will also see the two companies jointly develop large-scale green hydrogen projects in India.