Australia’s first new large-scale pumped hydro energy storage (PHES) plant in nearly 40 years is being built in Queensland and the state’s government is now exploring options for more.
An infrastructure group owned by Philippine billionaire Enrique K Razon has proposed construction of one of the biggest solar-plus-storage projects in the world.
Annual deployments of distributed energy storage connected to virtual power plants (VPP) is expected to reach 3GW by 2030, according to research firm Guidehouse Insights.