battery energy storage system

The 300MW/450MWh Victorian big battery has proven a financial winner for French renewable power producer Neoen which has reported its first-quarter revenue has jumped by more than one third.

With the global demand for lithium accelerating, Australian miner Core Lithium has inked a deal to supply United States-based electric vehicle and battery maker Tesla with up to 110,000 tonnes of lithium spodumene concentrate.

Australian technology company Lavo’s innovative energy storage system – based on storing green hydrogen in a patented metal hydride – has attracted the attention of the UK government which has provided financial backing to allow for a demonstration facility to be installed in England’s northwest.

One of Australia’s largest residential and commercial solar PV retailers and installers has announced it will exit the market, declaring low margins and once-in-a-generation disruptions to the supply chain brought on by the Covid-19 pandemic have taken a toll.

The Western Australian coastal town of Kalbarri can now be powered by an entirely renewable energy solution utilising rooftop solar and wind generation coupled with battery storage with state government-owned utility Western Power confirming the state’s largest renewable energy microgrid has been commissioned.

Construction has commenced on an off-grid solar PV and battery energy storage system which will help power Australian-headquartered resource major BHP’s estimated $1 billion Nickel West mining operation in regional Western Australia.

Western Australia-based Altech Chemicals’ plan to develop a high-grade alumina coating plant for lithium-ion batteries in Germany has taken a crucial step forward with the acquisition of an industrial site that could potentially house the facility.

Australian investment manager Infrastructure Capital Group has stepped into the solar energy sector with the acquisition of a majority stake in a ~300 MW solar PV and energy storage portfolio from clean technology developer and investment firm Providence Asset Group.

Australian renewable energy developer Genex Power has penned an offtake agreement with Tesla that will smooth the way for it to secure finance for the 50 MW/100 MWh Bouldercombe Battery Project being developed near Rockhampton in central Queensland.

The Australian Energy Market Commission has opted not to move “the goal posts on network charges” for energy storage projects, including large-scale batteries and pumped hydro, rejecting a request from the Australian Electricity Market Operator to exempt operators from being charged when drawing power.