Southeast Asia bets big on pumped hydro with 18 GW tipped by 2033
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.
Japanese utilities giant’s proposed takeover of Genex lands FIRB approval
Japanese energy utility J-Power’s proposed acquisition of Australian renewables and pumped hydro developer Genex Power has received Foreign Investment Review Board approval.
AGL and Origin switch gears on energy transition strategy
AGL Energy has followed suit with Origin Energy to say it will shift from direct investment into renewable energy generation toward decarbonisation targets, favouring alternatives like pumped hydro, gas and batteries.
BE Power adds 9.6 GWh pumped hydro project to Queensland pipeline
Queensland’s pipeline of pumped hydro storage projects continues to grow with Victorian-based renewables company BE Power announcing plans to develop an 800 MW / 9.6 GWh project at Mount Alma near Gladstone.
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.
