Long-duration energy storage poised to outcompete lithium-ion batteries
While most long-duration energy storage (LDES) technologies are still early stage and costly compared to lithium-ion batteries, some have already, or are, set to achieve lower costs for longer durations, finds BloombergNEF.
Largest energy storage tender in NSW history now open
The New South Wales government has made history, opening two significant tenders for projects of up to 1 GW of new, long-duration storage, and up to 3.98 GW of access rights to the South West Renewable Energy Zone.
Evolution pushes ahead with 20 GWh pump hydro project
Australian miner Evolution Mining is moving on a $7 billion plan to build a 2 GW / 20 GWh pumped hydro electricity generation facility in the pit of a 20-year-old gold mine in southeast Queensland.
Acen pushes ahead with 9.6 GWh pumped hydro project in NSW central west
Development of an 800 mw / 9,600 MWh pumped hydro project within the New South Wales government’s Central-West Orana Renewable Energy Zone is advancing with renewables company Acen Australia announcing it has started geological works on site.
WA to target 2 GWh of dispatchable capacity with first CIS tender
Applications for the first West Australian tender under the Commonwealth government’s recently expanded Capacity Investment Scheme will open mid-year with an initial target of 2 GWh of renewable energy storage projects.
Genex backs new takeover bid from Japan’s J-Power
The company behind the 250 MW / 2 GWh Kidston pumped hydro project being developed in north Queensland has given the tick of approval to a $381 million takeover bid from Japanese energy giant J-Power.
Zen announces 1 GW pumped hydro project for NSW coal country
Zen Energy has received a greenlight from New South Wales state-owned corporation WaterNSW to investigate transforming Sydney’s biggest water storage facility into a 1 GW pumped hydro project capable of supplying on-demand power for up to eight hours.
Japan’s J-Power launches new Genex takeover bid
After receiving an initial takeover bid last month, Australian renewable power generation and energy storage developer Genex Power has received a revised acquisition offer from Japanese energy company and anchor investor J-Power.
EDF to drive development of 3 GWh pumped hydro project
The Australian arm of French energy giant EDF Group has acquired and agreed to co-develop the proposed 300 MW / 3 GWh Dungowan pumped hydro energy storage project being progressed in the New South Wales New England region.
Turnbull lands deal for pumped hydro projects in Upper Hunter
Former Australia prime minister Malcolm Turnbull has been awarded a contract to develop two large-scale pumped hydro projects on water reservoirs owned by the New South Wales government in the Hunter Valley.
