Energy storage investment to approach $10bn in 2025
Analyst IHS Markit has predicted storage will rebound this year following its first year-on-year decline in 2019. The technology is being rolled out at pace despite Covid-19 with state-level policies set to keep the US the global capital for the next five years.
Energy storage and network reinforcement
As renewables penetration increases, transmission and distribution (T&D) infrastructure will require significant reinforcement. Battery storage is becoming a key alternative to traditional ways of reinforcing network infrastructure, because it is fast to deploy, can provide multiple services, and often comes at a lower capital cost. IHS Markit analyst Oliver Forsyth delves into the additional value streams that strengthen the case for grid-connected batteries.
Solar, wind, storage investment collapses as risks on developers grow
A new analysis by the Clean Energy Council reveals a dramatic fall in the number of large-scale renewable energy projects committed in the second quarter of 2020, with just three projects representing 410 MW of new capacity reaching financial close – the lowest level since 2017.
WA Recovery Plan commits $22 million toward green hydrogen initiatives
Western Australia’s Recovery Plan continues to grow greenery as more renewable aspects of the state’s stimulus package come to light, specifically solar light that is. The state government has committed $22 million toward nine green hydrogen initiatives across the state, while also bringing forward its Renewable Hydrogen Strategy targets a decade and topping up the green hydrogen fund.
Batteries to help Alice Springs secure its renewable energy future
An ARENA-backed project will focus on addressing barriers to further renewable energy penetration in the Alice Springs local electricity network.
AGL unveils multi-site gigawatt-scale battery storage plan
In addition to 330 MW of batteries already announced, Australia’s biggest power producer has unveiled a plan for another 850 MW of grid-scale storage, the bulk of which will be installed alongside its Liddell coal-fired power plant.
Australia’s largest green hydrogen trial gets go-ahead
The NSW Government has approved the development of the state’s first hydrogen gas facility at Horsley Park. The Western Sydney Green Gas Project will power local homes and businesses and supply hydrogen-powered vehicles.
Broken Hill to replace gas turbines with massive microgrid for back-up supply
The NSW country town of Broken Hill is set to host one of the world’s largest microgrids supplied by solar, wind and grid-scale storage.
Hyundai, Jemena sign green hydrogen refueling deal
Gas utility Jemena has committed to produce and deliver hydrogen gas to Hyundai’s Macquarie Park headquarters from early 2021.
Bomen Solar Farm goes fully online despite Covid-19 delays
The 120 MW solar project near Wagga Wagga in New South Wales, the first renewable energy asset in the portfolio of network owner Spark Infrastructure, has achieved a critical milestone in the face of market challenges and delays.
