Hydrogen plant in SA would already return millions in profit, research finds
A hydrogen production plant in South Australia would already be profitable, analysis from Cornwall Insight Australia has found.
Historical wholesale price trend bucked thanks to renewables
January normally sees a spike in the average wholesale electricity price. This year, however, increased solar PV and wind generation have seen this traditional trend bucked.
Big battery announcements could see storage pricing ‘cannibalise’ itself
In November last year, Cornwall Insight Australia estimated Australia had 7 GW of battery storage projects in the pipeline. Since then, massive amounts of storage capacity have been added.
WoodMac predicts 30% drop in Asia Pacific front-of-the-meter battery costs by 2025
A new report from Wood Mackenzie suggests costs of front-of-the-meter battery storage systems in the Asia Pacific region could decline by 30% by 2025. The declining costs are already having a palpable impact as 2021 has opened with a slew of large-scale battery project announcements.
New research gauges Australia’s battery energy storage pipeline at 7 GW
New analysis from Cornwall Insight Australia has put Australia’s current battery energy storage pipeline at 7 GW. Of course, the vast majority of that projection is still firmly in the proposal phase, but the over 900 MW of energy storage thought to be developed by 2024 is still far in excess of AEMO’s ISP 2020 forecast, begging the question, how is the NEM going to fit it all in?
Are you ready, hey, are you ready for this: Is ‘lead time’ the key to milder impacts from coal retirements in the NEM?
Cornwall Insight Australia’s Lead Consultant – Market Analysis, Lumi Adisa, compares the lead times of major coal fired power station retirements in the National Energy Market (NEM) and analyses how renewables, particularly solar plus battery storage, are able to replace lost generation in the transition to a two-sided market.
Long read: White elephant Morrison Government announces gas-led relapse
The Morrison Government has announced its plans for a gas-led recovery including an ultimatum to the private sector that if it doesn’t prop up the gas sector the Government itself would step in to build a new gas-fired power plant in the Hunter Valley and an expanded Australia Gas Hub in QLD. For many experts the announcement reads more like a suicide note than a recovery strategy.
Spring cleaning – wind and solar are sweeping gas and coal out the door
New analysis from Rystad Energy and Cornwall Insights Australia demonstrate how the return of spring has once again emphasised the growing supremacy of wind and solar in Australia’s energy makeup. The stats don’t lie, wind and solar are sweeping coal and gas out the door.
FCAS fetches highest revenues in SA and NSW
Battery energy storage developers might consider the findings of new research by Cornwall Insight Australia, that batteries located in South Australia last year earned the most from supplying Frequency Control Ancillary Services to the NEM, and that New South Wales also offers fertile ground.
ANU study shows Australia still leading per capita renewable uptake, but policy is stifling progress
New analysis from The Australian National University along with recently published figures from the Clean Energy Regulator demonstrate that Australia remains the world leader in wind and solar deployment per capita, particularly rooftop PV. However, federal policy is failing to invest in desperately needed infrastructural upgrades.
