Australian developer secures funding to speed up 2 GWh pumped hydro project
Australian renewables developer Genex Power has signed agreements with Japanese utility J-Power for a multimillion-dollar funding package that will support the delivery of its 2 GWh pumped hydro project in Queensland Australia, and the development of the 2 GW Bulli Creek solar and battery project.
Green Gravity links with miner to fast track gravity energy storage tech
Australian renewables startup Green Gravity has teamed with underground mining contractor RUC to accelerate the commercialization of its gravitational energy storage tech.
BlackRock raises AUD 500 million to finance 1.68 GWh battery in Australia
The Australian government’s green bank has contributed AUD 100 million ($66 million) to finance the 850 MW/1,680 MWh Waratah Super Battery Project. The project, aimed at supporting Australia’s transition from coal-fired generation to renewables, has secured AUD 500 million of funding in total.
‘Renewables will eat itself,’ says Australian analyst
Over the next five to 15 years, batteries will undercut the business case for major transmission and interconnector projects. These assets will nonetheless likely be built, decreasing price spreads and eating into the revenues of batteries, predicts analyst Warwick Johnston.
The Hydrogen Stream: Lhyfe launches world’s first offshore hydrogen project
Lhyfe has started producing offshore hydrogen via a pilot project in France, and Toyota and its partners have agreed to invest in hydrogen in Thailand. The Australian authorities, meanwhile, have approved a hydrogen project in Victoria.
Australian startup launches 6 kW / 7.2 kWh mobile solar generator
Decarbon Venture has launched what it claims to be the world’s first “swappable” solar generator at half the weight and double the power rating of other products on the market.
All solar cell efficiencies at a glance – updated
The research group led by Professor Martin Green has published Version 62 of the solar cell efficiency tables. There are 21 new results reported in the new version, a record number for the Tables.
Flywheel mechanical battery with 32 kWh of storage in Australia
Key Energy has installed a three-phase flywheel energy storage system at a residence east of Perth, Western Australia. The 8 kW/32 kWh system was installed over two days in an above-ground enclosure, dramatically cutting the time needed to install the flywheel system.
Neoen wins big battery tender in Australia
French developer Neoen has won a 197 MW storage contract with the Australian Energy Market Operator (AEMO). The deal is for the Collie big battery in Western Australia, with the first phase set to start commercial operations by October 2024.
Australian utility AGL unveils new big batteries
AGL has added three new grid-scale batteries and a 200 MW solar farm to its development pipeline as it shifts its energy portfolio from high-emission, coal-fired power generation to backed-up renewables.
