Australian stock exchange-listed battery maker Redflow has announced a AU$14.5 million ($11.25 million) funding round, as the Brisbane-based company takes its manufacturing base offshore and turns its attention to a market “sweet-spot” including the off-grid, telecom, commercial and industrial sectors.
New data has confirmed the effects of a second rooftop solar boom taking place around Australia – driven by falling technology costs and increasingly volatile electricity prices – with nearly one quarter of all Australian households found to have invested in solar panels.
Australia’s chief scientist Dr Alan Finkel finally released its long-awaited report on how the country’s energy system is changing. The renewable sector had long hoped the report will set out a vision for the country’s transition to low-carbon electricity generation.
Just days after Tesla announced it was taking orders – and down-payments – for its much-hyped and quite good looking solar roof, an Australian made printed solar innovation that could rival Elon Musk’s power generating tiles has moved one major step closer to commercialisation.
The owners of the Mugga Lane Solar Park in the Australian Capital Territory (ACT) are looking for one more addition to their almost complete 13MW power station – and it’s not battery storage.
A South Australian company behind a silicon based thermal energy storage system has created and successfully tested a full prototype of its technology, which it says is ready for commercialisation after a decade is the making.
Record low solar panel prices, combined with the ratcheting-down or removal of federal and state policy levers, are sparking a boom in Australia’s residential and commercial solar markets, while also prompting warnings to consumers to avoid the lure of cheap and nasty solar products – and installers.
“When Australia makes a commitment to a global agreement, we follow through and that is exactly what we are doing,” said Malcolm Turnbull after government announced plan to ratify Paris Agreement by end of year.
The former head of Australias most polluting brown coal generator is proposing a 10-fold increase in the size of a solar PV plant he proposes fills in the market gap created by the closure of Port Augustas own brown coal-fired generation capacity.
A Deutsche Bank report has predicted “sharp declines” in US solar module and inverter prices that it says could drive payback periods down to less than five years and spark a “final ‘gold rush'” in the American residential, commercial and industrial markets, starting in 2017.