The investment case for battery energy storage has really come of age and Ben Irons at grid-scale battery optimisation company Habitat Energy explains why, in this webinar and Q&A.
The Australian Energy Market Commission (AEMC) announced today that five minute settlement windows for spot prices in the National Electricity Market (NEM) will be implemented from 21 October 2021.
Coal retirements, liberalised energy markets and declining costs continue to improve the business case for energy storage in Australia, but the coronavirus pandemic is among factors creating uncertainties and risks, new research has found.
Fluence’s proposal to use two large-scale battery storage systems to ease electricity transmission issues between the Australian states of Victoria and New South Wales has been published by the Australian Energy Market Operator (AEMO) this week.
The business case for behind-the-meter (BTM) battery storage in Australia appears to be positive, according to a University of Queensland report on the performance of a 1.1MW / 2.15MWh Tesla battery energy storage system (BESS).
An Australian government-backed trial to create “virtual gas wells” using renewable electricity may demonstrate that small-scale, “stackable” units could be viable in making power-to-gas technology work at scale, the company providing electrolysers for the project has said.
Australia’s government-owned green bank, the Clean Energy Finance Corporation (CEFC), has pledged AU$300 million (US$192 million) of existing funding towards “building investor confidence in renewable hydrogen”.
Targeting a national economic goal in mind of making hydrogen competitive with natural gas, Australia’s government has put AU$70 million (US$44.3 million) into a “deployment funding round” for renewable hydrogen.
“The elimination of solar energy’s intermittency and ensuring its 24-hour availability at grid-competitive cost is the holy grail and RayGen has found it”.
