Oceania

Australian battery manufacturer Redflow has inked a deal that will see it supply its “non-lithium” energy storage technology to clean energy outfit Ameresco which is looking to develop integrated solar and zinc-bromine flow battery solutions for its customer base throughout North America and Europe.

Construction of the New South Wales section of Australia’s largest energy transmission project has reached a major milestone with the first of an estimated 1,500 new transmission towers that will form a key element of the $2.3 billion (USD 1.53 billion) EnergyConnect project installed near Buronga in the state’s far west.

Record numbers of battery energy storage systems were installed in Australian homes and businesses in 2022 with energy industry consultancy SunWiz reporting more than 47,000 residential batteries were installed across the country last year, a 55% increase on the previous year.

Western Australia’s regional utility, Horizon Power, has bought a 50% stake in local solar company West Australian Alternative Energy.

As part of its $1.3 billion (USD 87 million) Solar Homes Program, the Victorian government has launched an initiative to upskill electricians, electrical engineers and licensed electrical inspectors to encourage them to take on more solar work.

Australia’s national science agency, the CSIRO, estimates the country could require a 10 to 14-fold increase in its electricity storage capacity between 2025-2050. It has released its energy storage report, forecasting demand in different sectors and summarising storage technologies.

Australian super funds Hesta and Aware Super have become minority partners into a newly launched renewable energy platform, Intera Renewables. Orchestrated by infrastructure manager Palisade Investment Partners, the fund aims to provide investors with diversified assets in terms of location, technology and offtakers, targeting stable returns and funding for new projects.

A $18.7 billion (USD 12.5 billion) takeover deal for Origin Energy has been struck with a consortium led by Canadian giant Brookfield. Brookfield’s vision for Origin involves spending “at least” $20 billion to build new renewables and storage, using Origin and its customer base as a vehicle for transition.

Household’s rooftop solar supplied a record 14% of Australia’s electricity this summer – contributing more than brown coal, and more than large-scale wind or solar farms.

The Greens and Labor have reached a deal over the proposed Safeguard Mechanism amendments with the scheme to now include a “hard cap” on emissions and a “safeguard trigger” for ministerial intervention.