Markets & Policy

EnergyTag is an independent, non-profit, industry-led initiative that aims to accelerate the shift to carbon-free energy by defining and building a market for time-stamped renewable energy certificates. Already, corporate giants like Google and Amazon are onboard via their participation in demonstration projects in Europe and the U.S. As part of the UP Initiative’s Q3 theme on sustainable electricity supply, founder Toby Ferenczi spoke to pv magazine about the idea behind EnergyTag and how he aims to revamp the electricity market.

Households with residential batteries have doubled in Queensland in the last two years, though cost remains a barrier – as it has with electric vehicles. As prices fall, however, the state is likely to welcome the technology with open arms, as it has with solar. 37% of Queensland households now harvest the sun’s energy and a further 22% looking to install or upgrade their systems, according to the government’s Queensland Household Energy Survey. Of those with solar systems, 93% would would replace their panels with the same size or larger, if they were to fail.

The City of Melbourne is planning a network of co-ordinated community batteries to be installed at council sites across the city, aiming for a potential capacity of 5 MW by 2024.

Transmission network operator TransGrid has confirmed works on two high priority electricity infrastructure projects which will allow for more renewable energy to be connected to the National Electricity Market have reached major milestones.

A national advertising campaign will shine a light on the investment and job opportunities provided by Australia’s renewable energy industry as the Clean Energy Council seeks to counteract “misleading” information spread by “a minority of loud voices”.

The Australian retail arm of French renewables giant Engie has been fined $2.5 million after two “rogue” sales contractors allegedly used phoney accents and fake names to switch hundreds of customers to new energy contracts without their consent.

Boston startup Form Energy has secured US$200 million (AU$270 million) Series D funding for the development of what is being called a breakthrough in energy storage.

Sax Power has developed a new residential battery which it describes as a game-changer in the battery technology.

A gigafactory, as the name indicates, is a facility that aims to produce Li-ion cells at a gigawatt-hours scale of total capacity, so they can then be used in electric vehicles or stationary storage applications. The global production capacity of Li-ion cells is expected to reach 740 GWh by the end of 2021 – almost a threefold increase from 2017 – and Europe will account for 8% of the total. João Coelho, an analyst at Delta-EE, looks at how Europe plans to catch up.

PV markets in Southeast Asia have picked up over the past two years, driven by the astounding growth of Vietnam. Regional policies, combined with growing demand for renewable power in the manufacturing industry, will result in 27 GW of new PV installations across the region over the next five years, writes IHS Markit analyst Dharmendra Kumar. PV installations in these countries are driven by attractive feed-in tariffs, net energy metering, tariff-based auction mechanisms, and other incentives.