Oceania

AUKUS has been widely hailed as Australia’s largest-ever defence investment and the Quad as a new focus for defence strategy – but what do they mean for our energy landscape? SMA’s Joshua Birmingham argues it’s time to look beyond defence cost and grow our relationships to fight the climate change war.

The Northern Territory government has committed $12 million (USD 8.05 million) in its latest budget to accelerate the development of a “sustainable” industrial hub that will be largely powered by renewables as it looks to continue the overhaul of its electricity system.

The Australian government has presented its 2023-2024 budget, with $2 billion (USD 1.35 billion) to be invested in hydrogen, while Austria, Germany, and Italy said they have started moving forward on a southern hydrogen corridor from North Africa to Northern Europe.

Battery companies hoping to get a foothold in Australia’s rapidly growing storage market were the main exhibitors at the Smart Energy Conference held in Sydney last week, outnumbering solar companies almost two-to-one. Pv magazine Australia looked at what is on offer and who the new hopefuls in the battery space are.

It sounds like a lot. Kickstarting green hydrogen in Australia with $2 billion (USD 1.35 billion) to subsidise early production and making the energy-dense gas competitive. A goal of up to a gigawatt of electrolyser capacity within seven years.

While Australia’s home battery market seems to have attracted most of the interest from newcomers, there has been some significant new developments in the commercial and utility-scale space. Pv magazine Australia examined the new products and companies in the commercial and utility battery storage space on display at the Smart Energy Conference.

The West Australian government will plough almost $3 billion (USD 2.03 billion) into renewable energy generation, storage and transmission projects with modelling revealing more than 50 GW of new generation and storage capacity will be required in the state’s main electricity grid within the next 20 years.

Australia’s largest rail infrastructure project, the 1,700-kilometre Melbourne – Brisbane Inland Rail freight line, has made the switch to solar to power its signalling systems with the move expected to deliver an estimated $25 million (USD 16.93 million) in cost savings.

Construction has been completed on what is, for now, New South Wales’ largest battery system. The 150 MW / 300 MWh Riverina and Darlington Point energy storage systems are made up of three co-located units and owned by private equity fund manager Federation Asset Management and Edify Energy.

The Albanese Labor government has delivered its 2023 – 2024 budget, placing energy front and centre. The budget takes the government’s total spend on making Australia a renewable superpower to $40 billion (USD 27 billion). While many in the industry have applauded the budget, there are some glaring contradictions.