Markets & Policy

Telecommunications giant Telstra has continued it transition to renewable energy, signing a long-term agreement to purchase electricity from the Crookwell 3 Wind Farm being built near Goulburn in New South Wales.

Governments and car manufacturers are investing hundreds of billions of dollars on electric vehicles. But while the electric transport revolution is inevitable, the final destination remains unknown.

Solar module manufacturer Q Cells Australia has revealed a growing number of residential customers are contemplating exiting the grid entirely as policy makers grapple with how to integrate increasing amounts of small-scale renewable energy technologies like rooftop solar PV and batteries into the electricity grid.

As the Australian Energy Market Commission rifles through submissions on its reform package proposal, the Commission’s Chief Executive, Benn Barr, tells pv magazine Australia about some of the “profound changes” which have been overlooked and why he thinks two-way pricing is crucial.

Australia’s national science agency, the CSIRO, and the Australian Energy Market Operator have found even when factoring in additional ‘integration’ costs such as storage and new transmission infrastructure, solar and wind continue to be the cheapest sources of new-build electricity generation in Australia.

South Australian transmission company ElectraNet on Monday announced it will invest $457.4 million to deliver the its section of the Project EnergyConnect, the high-voltage electricity transmission interconnector between South Australia and New South Wales.

Australian technology company RayGen Resources has received funding to build a 3 MW/50 MWh ‘solar hydro’ power plant. Described by ARENA as the “first of a kind,” it is being lauded as one of the largest and lowest cost storage projects undertaken in the country. Energy giant AGL has also come onboard and will assess whether the technology would be suitable for its soon-to-retire Liddell facility.

Global Energy Ventures, the firm currently working on a 2,000t hydrogen cargo ship, has announced the commencement of construction on a 430t pilot-scale version to service the emerging market for economies wanting begin blending small amounts of green hydrogen into existing gas networks by mid-2020s.

Commodity trader Trafigura and Oslo-based ammonia leader Yara International ASA have signed a Memorandum of Understanding that will see supply of clean ammonia as well as joint R&D projects as the two companies look to promote clean ammonia as a shipping fuel and develop its value chain and infrastructure.

Widespread green hydrogen deployment will be key to achieving stringent climate targets, and German hydrogen demand is set to grow from the 80 TWh range in 2030 to between 400 TWh and 800 TWh by 2050, according to a new joint study by several Fraunhofer-related entities.