Solar powered energy hubs are ready to help keep the lights on for 24 Victorian communities as part of a $7.5 million state government program to build energy resilience when faced with prolonged outage.
Vena Energy is claiming a milestone for the Australian power market with the successful commissioning of a 41.5 MW battery energy storage system as part its Tailem Bend 2 solar-plus-storage project in South Australia.
Large-scale solar farms across Australia generated a record 16.2 TWh of clean energy in 2024, delivering a near 7% increase on the previous year and taking the contribution from renewables to a new record high.
The Australian government’s Clean Energy Finance Corporation is on track to deliver $13.3 billion in investment across the renewable energy economy, after closing off $3.8 billion in new commitments in the six months to December 2024.
Malaysian engineering group Gamuda, in partnership with European civil engineering outfit Ferrovial, has signed an agreement with Capricornia Energy Hub to develop a 12 GWh pumped hydro storage system in Queensland.
The Australian Renewable Energy Agency has been directed to consider more funding for residential solar and battery energy storage systems as the federal government examines how best to expand household electrification projects around the country.
Victorian electricity and gas network company AusNet Services is turning to solar and battery energy storage systems to improve energy reliability in communities serviced by its electricity distribution network.
Wood Mackenzie’s latest report forecasts that 493 GW (DC) of solar will be added throughout the world this year, compared to 495 GW in 2024. Solar module prices are expected to rise this year as manufacturers aim to recover profit losses from the past two years.
Australian manufacturer of lithium titanate oxide batteries Zenaji says the LTO battery market is projected to reach $5.8 billion by 2032, with a compound annual growth rate of 12.6%, and its Eternity battery system is ready to catch that wave.
Researchers in Italy have analysed the techno-economic viability of enhancing three pumped hydro plants in Italy with floating solar on the lower basin. They say that, with their wide results, consequences could be extrapolated to similar regions.
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