German solar tech developer 1komma5° has strengthened its presence in the Australian market with the acquisition of Arkana Energy Group.
The Chinese module manufacturer led an international research team seeking silicon material savings and efficiency gains in the development of heterojunction PV devices. The cell achieved a certified power conversion efficiency of 26.06% with a thickness of 57 μm, with Germany’s Institute for Solar Energy Research confirming the result.
The Australian arm of French energy giant EDF Group has acquired and agreed to co-develop the proposed 300 MW/3 GWh Dungowan pumped hydro energy storage project in New South Wales, Australia.
The researchers that created the atlas considered mining pits, pit lakes and tailings ponds within mining sites and located nearby reservoirs. The selected sites have a potential storage capacity of 30 TWh.
Former Australian Prime Minister Malcolm Turnbull has secured a contract to develop two large-scale pumped hydro projects on water reservoirs owned by the New South Wales government.
Australian scientists claim that the process of manufacturing magnesium-ion water batteries indicates that mass production is feasible, given that materials such as magnesium and zinc are abundant in nature.
The accelerating deployment of large-scale energy storage is one factor behind the tailwinds forming for large-scale solar in Australia. Rystad Energy Senior Analyst David Dixon said that with gigawatts of big batteries under construction, the flexible load will create demand for solar during peak PV production periods.
A new report by Green Energy Markets (GEM) to the Australian Energy Market Operator (AEMO) confirms the future domination of rooftop solar and battery storage in Australia, with a projected cumulative PV capacity potential of 66 GW to 98.5 GW by 2054.
The European Hydrogen Bank’s pilot auction has drawn 132 bids, exceeding the available budget, while Australia has finalized an agreement to build a hydrogen hub.
South Korean solar module maker Qcells told its local team this week that its Australian subsidiary will be closed. The decision underscores the highly competitive nature of the Australian solar marketplace and the company’s strategic decision to focus on its home market, the United States, and Europe.
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