Markets & Policy

Energy infrastructure company Jemena has confirmed the purchase of New South Wales’ first electrolyser which will utilise renewable energy to produce green gas for cooking, heating and hot water in homes and businesses. 

The program will test the potential of distributed energy resources, such as rooftop solar systems, battery storage and controllable load devices, aggregated into virtual power plants (VPPs), to provide scalable energy and network services traditionally performed by large-scale, conventional electricity generators. With registration open, the Australian Energy Market Operator wants VPPs to register to accelerate the shared learning on how to safely and efficiently integrate, operate and regulate these emerging technologies into the National Electricity Market.

Even though it is winter, solar capacity is now sufficiently large that it drove renewable energy’s share of the electricity market up above 30% in the middle of the day for 20 out of 30 days of June, finds Green Energy Markets.

After it deployed a record $1.3 billion into the clean energy sector in a 12-month period, the Clean Energy Finance Corporation said it will sharpen its focus on energy storage and other technologies to support the stability of the national grid.

The Palo Alto company says it has improved its large scale battery offering with the new product in the wake of the success of its Powerpack-driven big battery in Australia. The Megapack can be deployed at a 250 MW/1 GWh clean energy plant four times faster than a fossil fuel alternative, claimed the business in a blogpost.

A report released by the Future Fuels CRC (FFCRC) details the work of 19 separate hydrogen roadmaps from around the world, showing the focus and drive towards a hydrogen future. While in sync in terms of forecasts suggesting large scale and rapid deployment of hydrogen technologies is expected from around 2030 onwards, the roadmaps seem to have been developed in isolation from one another, the report finds.

The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition. In Australia, solar is expected to break through the coal-fired electricity price barrier next year, when its cost falls to US$48/MWh, WoodMac finds.

With miners around globe stepping up their production capacities to cater to the demand of the electro-mobility and energy storage sectors, supply has outpaced demand leading to a steep decline in lithium prices. Amid slowing growth in China, a number of Australian lithium miners are hurting.

The Australia Institute’s ‘National Energy Emissions Audit Electricity Update’ for July shows solar and wind generation is growing fastest in New South Wales, closely followed by Victoria; and it offers an historical twist on the country’s energy transition.

South Australia’s virtual power plant is nearing the potential Phase 3, which could see 50,000 homes connected becoming the equivalent of a 250 MW network of decentralized power generating units.