Longi, Aiko Solar, TCL Zhonghuan, Tongwei to post H1 losses
Longi says it expects a net loss of CNY 4.8 billion ($980 million) for the first half of 2024, while Tongwei is bracing for a CNY 3 billion loss. Aiko Solar and TCL Zhonghuan, meanwhile, are predicting losses of CNY 2.9 billion and CNY 1.4 billion, respectively.
Akaysha lands $650 million to fund 1,660 MWh Orana battery build
Australian battery storage developer Akaysha Energy has secured a $650 million debt deal that will accelerate the development of what is to be the largest four-hour battery energy storage system in the National Electricity Market.
Potential sites for battery energy storage systems identified in South Australia
South Australian electricity transmission specialist ElectraNet has undertaken a high-level assessment to identify the potential of locations near land it controls as future sites for grid-scale battery energy storage systems.
Genusplus wins Western Power contract to maintain and upgrade SWIS network
State-owned utility Western Power has awarded Perth-based power infrastructure provider Genusplus Group a five-year contract to maintain and upgrade the South West Interconnected System.
Queensland gas-fired ammonia plant to switch to $28 million of renewables
A $28 million hybrid renewable energy system comprising solar and battery energy storage is to replace gas-fired generation at the Incitec Pivot Fertilisers plant in Queensland aided by the Australian government’s Powering the Regions Fund.
South Australian solar and BESS development gets green light to proceed
South Australian-headquartered solar farm developer Green Gold Energy has received development approval for its Morgan 110 MW solar and 91.7 MWh battery energy storage system, northeast of Adelaide.
Bifacial PV, single-axis tracking produces cheapest electricity, says IEA-PVPS
The IEA Photovoltaic Power Systems Programme’s (IEA-PVPS) latest factsheet covers bifacial PV modules and advanced tracking systems. It says a combination of bifacial modules with single-axis tracking could increase energy output by up to 35%.
Anker launches new all-in-one home storage solution
Chinese electronics manufacturer Anker has developed a new all-in-one home storage solution with up to 30 kWh of capacity, available in single-phase and three-phase configurations.
Queensland and South Australian critical mineral processing plant pilots win grants
Australian producers of critical minerals needed for electric vehicles and lithium-ion batteries have received Australian government grants to a combined $13 million to help build diversified supply chains with the support of partners in the USA, Japan and Republic of Korea.
Electric vehicles can be a line of defence in outage emergencies, research finds
In a world first, researchers at the Australian National University, Canberra, got the grid emergency they needed in February 2024, to provide clear evidence electric vehicles using vehicle-to-grid (V2G) systems can bolster the grid in a blackout.
