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Markets & Policy

NEM review takes pro-active approach to future-proof rapid renewables uptake

Future-proofing a grid after coal-fired power generation phases out, has prompted an Australian government review of the National Electricity Market to promote investment in firmed reliable renewable energy such as rooftop solar, utility scale projects, and storage capacity.

Vast unlocks funding to fuel concentrated solar power plant plans

Vast Renewables has unlocked $30 million of federal government funding which it says will help ramp up manufacturing capacity for its concentrated solar thermal technology and advance construction plans for its first large-scale solar thermal project.

Engie signs ‘virtual battery’ deal with Neoen for Victoria battery

Renewables developer Engie has signed a “virtual battery” deal with fellow French company Neoen that will allow it access to the 40 MW of the Victoria Big Battery.

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NSW provides green light for second 2 GWh battery in two days

The New South Wales clean energy transition is ramping up with the state government providing planning approval for a second 2 GWh battery energy storage system in as many days.

CSIRO venture plans 50 MW concentrated solar tech plant

CSIRO spin out FPR Energy has secured $15 million in seed funding to commercialise concentrated solar thermal technology that lends itself to long-duration energy storage for industrial processes, green fuel production and dispatchable power.

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WA sets assessment level for mega 70 GW solar and wind project

A mega 70 GW wind and solar project planned for the far southeast of Western Australia is to face close scrutiny with the state’s environmental watchdog confirming the estimated $100 billion project will undergo a public review.

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.

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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.

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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.

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