Markets & Policy

A sharp rise in connection and terminal station charges is stalling storage from coming online, according to an Australian developer. While the price hikes could be attributable to a quagmire of complications the industry currently faces, the developer questioned whether Australia’s TNSP monopoly system is a contributing factor.

Australian renewable energy startup Green Gravity has teamed with underground mining contractor RUC to accelerate the commercialisation of its gravitational energy storage technology which rests on moving weighted objects through disused mine shafts.

Australian developer ACEnergy is building an initial portfolio of 10 neighbourhood batteries totalling 50 MW/100 MWh across Victoria and New South Wales. The company is also engaging networks to lobby for reforms to the connection process and tariff structure in light of grid support the technology can offer.

Australian renewable energy developer Genex Power has entered into agreements with Japanese electric utility J-Power to receive a multi-million-dollar funding package that will support the delivery of its 2 GWh pumped hydro project in northern Queensland and the development of the 2 GW Bulli Creek solar and battery project in the state’s southeast.

French oil and gas supermajor TotalEnergies has signed an agreement with Gentari Renewables, the clean energy arm of Malaysia’s state-owned oil company Petronas, to jointly develop a 100 MW solar farm in southwest Queensland.

The South Australian government is calling for input from industry and consumers to help it determine what role rooftop solar, batteries, electric vehicles, green hydrogen and other renewable technologies will play in its future energy system.

The global transition to carbon-free energy has fallen behind pace to limit global warming to 1.5 degrees Celsius, a key threshold set forth by the Paris Agreement.

The Clean Energy Regulator is calling for applications from individuals and organisations to serve as the product listing body that will be responsible for publishing and maintaining lists of approved solar panels and inverters eligible for use in Australia’s solar rebate program.

The Australian government’s green bank has tipped $100 million (USD 66 million) in to help fast track the development of the 850 MW/1,680 MWh Waratah Super Battery Project that is set to play a significant role in the nation’s shift from coal-fired generation to renewables.

New South Wales will be the test bed for the Commonwealth-funded Capacity Investment Scheme with the federal government to underwrite investment that will help deliver almost 1 GW of firmed renewable energy capacity to support the state’s rapidly changing energy market.