Markets & Policy

The NEM’s digital twin and the imperatives for new market signals

At a CEDA event exploring ‘Opportunities in the Future Energy Market’, AEMO’s Audrey Zibelman and a lineup of energy thought leaders highlighted the need to value firming services in the new asynchronous energy market, and heralded real-time visualisation of grid and asset performance in the form of digital replicas of the NEM and WEM.

Victorian apple farmer installs vanadium battery to increase solar consumption

A vanadium redox flow battery will be installed at a family-owned apple orchard located in Pakenham on the edge of the Gippsland region to complement onsite solar.

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NAB stands behind Townsville battery gigafactory

Plans to develop a 18 GWh lithium-ion battery factory in northern Queensland have received a major boost with the appointment of National Australia Bank as financial adviser. With the feasibility study nearing completion, project proponents expect the development application to be submitted to Townsville City Council over the coming months.

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ABB called out by UK Solar Trade Association over quality and customer support

The STA has warned Italian company Fimer, which is set to acquire Swiss company ABB’s inverter business, it will have to honor customer service commitments made to its British members, and voiced fears related to historic quality issues with ABB inverters.

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New AER report finds energy affordability still major difficulty for Australians

The Australian Energy Regulator (AER) released its Affordability in Retail Energy Markets report today. The findings show a disproportionate energy cost burden on low-income households and its impact in driving uptake of rooftop PV.

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Hydrogen-powered bicycles offer new electromobility concept

With the 200 hydrogen bikes offered to journalists and world leaders at the G7 summit in Biarritz, France proving popular, manufacturer Pragma Industries has received an order for 1,000 of them from Chilean president Sebastian Pinera. The company’s founder, Pierre Forté, wants the bike to have a societal impact in developing countries.

Victoria solar rebate snapped up in under one hour

Even with the boosted solar rebate offering, this month’s first round quota was taken up in minutes. Another 3,250 rebates are due to be released on Tuesday, September 17.

Distributed Energy Test Lab set to open in Canberra

The Distributed Energy Resource (DER) laboratory “DER-Lab” will provide an environment for safe testing of new technologies including monitoring and communication devices, smart controllers, aggregation (e.g. Virtual Power Plant), market participation software and other innovative new products.

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Space age solar solution moves toward production

A consortium of European research institutes has received €10.6 million in EU funding to establish pilot production of a high efficiency module concept developed by Swiss startup Insolight. The module combines high efficiency multijunction cells with a solar concentrator lens and has previously demonstrated 29% efficiency.

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Kidston transmission line funding paves the way for more solar and wind

The Queensland government has pledged to support Genex’s project at Kidston with up to $132 million. The funding will be used to build a single circuit transmission line and connect a massive pumped hydro project with the main grid, unlocking additional stages for the clean energy hub, including up to 270 MW of additional solar and up to 150 MW of wind.

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