The New South Wales government will pump up the state’s long-duration energy storage capacity target to 28 GWh by 2034 as it prepares for the exit of coal-fired power generation and greater renewable energy integration.
Queensland state-owned generation company Stanwell has boosted its energy storage portfolio with two new developments with a combined capacity of almost 650 MW entering its project pipeline.
Queensland electricity utility CleanCo has set a new quarterly generation record at its 570 MW Wivenhoe Power Station, which outshines all previous production milestones since the station opened in 1984.
Queensland Hydro has announced more than $190 million in work packages linked to the construction of the 2 GW / 48 GWh Borumba pumped hydro energy storage project being developed near Gympie in the state’s southeast.
Australia’s largest generator of clean, renewable energy, Hydro Tasmania will invest $1.6 billion over the coming decade to upgrade and modernise its existing hydropower network, with spillover benefits for its Battery of the Nation ambition.
A new tunnel boring machine will be deployed at the $12 billion Snowy 2.0 renewable energy project to stay on track with its operational deadline of December 2028.
Japanese utility giant Electric Power Development Company, known as J-Power, has acquired Sydney-headquartered renewables energy and storage developer Genex Power with a $381 million deal backed by its shareholders.
Three pumped hydro projects that would deliver a combined 1,035 MW / 9,480 MWh of dispatchable capacity are among six projects that have been declared critical state significant infrastructure by the New South Wales government, potentially smoothing the way for their approval.
Plans to build a 5 GW / 120 GWh pumped hydro energy storage system in Queensland’s Pioneer Valley have received a positive boost with geotechnical investigations revealing the site is ideally suited for dam and tunnel construction.
The increasing role of pumped hydro technology in Australia’s renewable energy transition is expected to be mirrored in the neighbouring Southeast Asia region with international consultancy Rystad Energy tipping the total capacity of operational projects will surge from the current 2.3 GW to 18 GW by 2033.
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