Frontier Energy will pursue alternative funding solutions after missing out on Reserve Capacity Credits (RCCs) from the AEMO for its 360MWh Waroona Renewable Energy Hub in Western Australia.
The Australian government’s Department of Industry, Science and Resources has indicated that lithium-ion batteries are poised to “dominate” stationary storage for durations under 4-hours, but alternative technologies could surpass them for long duration energy storage (LDES).
Pacific Green Technologies has applied for approval under the Environment Protection and Biodiversity Conservation (EPBC) Act, for its 1GW/2.5GWh Portland BESS in Victoria, Australia.
Australian investment bank Macquarie Asset Management (MAM) has agreed to acquire a significant minority stake in US independent power producer D.E. Shaw Renewable Investments (DESRI) in a deal worth up to US$1.73 billion.
The Central Electricity Authority of India (CEA) announced on Sunday (22 September) that it would fast-track an additional 2,500MW of pumped hydro energy storage (PHES) projects being developed in the Indian state of Maharashtra.