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.
The New South Wales, South Australia, and Victoria power grids have been successfully connected with the $2.3 billion EnergyConnect transmission infrastructure project now live, enabling renewable energy to be shared directly between the three states.
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.
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 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.
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.
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.
Australian fuel giant Ampol has reached another milestone in its journey to expand beyond its roots as a petrol and diesel retailer, launching its own electric vehicle home charger.
As battery energy storage system costs plunge, energy price volatility is shortening payback times for storage solutions. This shift, driven by a surge in intermittently generating renewables, and ongoing innovations in battery manufacturing, marks a pivotal moment for energy markets worldwide.
An Oxford Economics Australia report has found electricity construction activity has been at a record high of $19.2 billion over FY24, and with an expected investment of $5 billion a year to FY30, the way forward for large solar projects is clear, especially for Queensland.
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