NSW approves 2 GWh battery energy storage system
AGL has secured state planning approval to build a 500 MW battery with four hours of dispatchable capacity near Newcastle on the New South Wales Central Coast.
Feds table tax incentives for green hydrogen, critical minerals
The Australian government will introduce legislation to implement production tax incentives for green hydrogen and critical minerals to help boost investment in the sector.
Novonix secures supply deal with Volkswagen battery arm
Australian-listed battery materials and technology company Novonix has inked an offtake agreement for at least 32,000 tonnes of its synthetic graphite anode material with the battery manufacturing arm of global carmaker Volkswagen.
Transgrid turns to batteries to provide capacity increase for NSW network
New South Wales electricity transmission company Transgrid has contracted the 150 MW / 300 MWh Riverina and Darlington Point battery energy storage systems to unlock extra capacity on its existing network in the state’s southwest as more renewables come online.
BESS are becoming more attractive
As battery energy storage system costs plunge, energy price volatility is shortening payback times for storage solutions. This shift, driven by a surge in intermittently generating renewables, and ongoing innovations in battery manufacturing, marks a pivotal moment for energy markets worldwide.
Future multi-billion dollar transmission upgrades to boost Queenslands grid-scale solar
An Oxford Economics Australia report has found electricity construction activity has been at a record high of $19.2 billion over FY24, and with an expected investment of $5 billion a year to FY30, the way forward for large solar projects is clear, especially for Queensland.
$500,000 ANU battery research win on back of Eku Energy’s big BESS build
London-headquartered Eku Energy has committed $500,000 to the Australian National University’s battery storage and grid integration program as construction begins on the Williamsdale big battery in the Australian Capital Territory.
World’s largest 3.5 GW Terra solar project breaks ground in the Philippines
Phillippines renewable energy companies have broken ground on the 3.5 GW Terra Solar and 4.5 GWh battery storage project, tipped to be the world’s largest integrated solar and battery facility.
Energy transition named priority area in new Future Fund’s investment mandate
The energy transition has been named a priority area for investment, specificially with Melbourne-based developer Tilt Renewables, in a new investment mandate in Australia’s sovereign Future Fund.
Allume Energy wins manufacturing grant for Australian-made SolShare technology
Victoria-headquartered developer of SolShare, Allume Energy has received $3.8 million in funding through an Australian government industry growth program to help scale the manufacturing of its technology in Melbourne.
