Technology

Australian solar thermal specialist Vast Renewables will look to accelerate the development of its concentrated solar power technology after securing a $16.37 million (€10 million) capital commitment from French energy giant EDF Renewables.

A report from Ernst & Young shows that despite inflationary pressures, solar remains the cheapest source of new-build electricity. The global weighted average levelised cost of electricity for PV is now 29% lower than the cheapest fossil fuel alternative.

A “major influx” of new renewable generation and storage capacity is poised to connect to Australia’s main grid with the energy market operator revealing almost 150 projects representing more than 31 GW of new capacity are in the application and pre-registration stages.

Australia’s largest electricity transmission project has hit a snag with a major union alleging transmission line workers delivering the New South Wales stretch of the $2 billion-plus (USD 1.32 billion) Project EnergyConnect electricity interconnector have been working in unsafe and non-compliant conditions.

Victorian network operator AusNet has commenced construction of a transmission network upgrade that is expected to reduce generation constraints and improve network stability in the state’s southwest, unlocking 1.5 GW of additional renewable energy generation capacity.

Authors of the “World Nuclear Industry Status Report 2023” define the future role of nuclear energy in the global energy mix as “irrelevant” and “marginal.” The authors add that there were 407 operational reactors producing 365 GW in the middle of the year, which is less than installed capacity predictions for solar by the end of the year.

GCube Insurance says that hail damage accounts for less than 2% of filed claims but constitutes more than 50% of total costs for solar facility loss claims.

Sharp’s new IEC61215- and IEC61730-certified solar panels have an operating temperature coefficient of -0.30% per C and a bifaciality factor of over 80%.

AGL and Australian battery recycling startup, Renewable Metals, have signed a deal to investigate the viability of building a lithium battery recycling facility at AGL’s envisioned Hunter Energy Hub, formally one of Australia’s most significant coal centres.

Air New Zealand has ordered an electric five-seat plane to initially use for cargo-only services, with the intention of offering passenger services in future. The company has options to buy two more of the electric planes, with rights reserved on a further 20.