With a glut of solar capacity having come online this year, cheaper financing would help keep some of that momentum but policymakers cannot be persuaded of the economic benefits of clean energy unless state-owned utility EVN opens up.
While the nation’s recent Union budget announced steps to create an electric vehicle market, the solar sector still has issues that have not been addressed.
The world’s biggest solar market could be about to replicate that feat in energy storage, provided it manages to reform the payment system for rewarding the grid services offered by batteries.
As one of the most energy-intensive industries, the ‘resource sector’ is getting serious about adding cheap solar and wind energy into its mix, to boost returns. Although still predominantly underpinned by gas or diesel, mine operations are increasingly deploying hybrid solutions, highlighting the potential of renewables – particularly as momentum builds for green hydrogen to play a role in future microgrids.
AES has announced the start of construction of its Alamito Energy Center, a 100 MW/400 MWh battery for electric utility SoCalEdison which is being constructed as a full-on building – much like a data center.
Two of the nation’s largest commercial fleet operators have pledged to go all-electric by 2030, beating the government’s ambition by a decade, and carmaker Jaguar Land Rover has made a big electrification announcement – but insisted the politicians need to show similar bold ambition.
Australia’s only public ultra-rapid EV charging network has opened the most powerful charging station in the Southern Hemisphere. At the same time it announced a partnership with Yurika and the Queensland state government to manage the 17 fast charging sites that make up the Queensland Electric Super Highway.
The nation’s annual Economic Survey placed EVs at the heart of India’s decarbonization and called for an industrial hub where electric vehicles and the batteries to run them could be manufactured.
The energy transition is accelerating, Ernst & Young global energy leader Benoit Laclau has warned grid operators, thanks to the confluence of digitization, decentralization and decarbonization. Traditional utilities must get with the program or be swept aside.
One of Australia’s largest utility scale solar arrays – and the biggest energy storage facility – has secured approval.
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