Red tape, costs and logistical hurdles for large-scale battery storage and hybrid systems to participate in Australia’s National Electricity Market (NEM) will be cut under new Australian Energy Market Commission (AEMC) rules.
Supply chain shocks are causing short-term rises in the price of lithium-ion battery packs, but overall the price trend is downward and by 2024 average prices could dip below US$100/kWh.
A tiny, coral reef-surrounded island in southern Japan will be able to use renewable energy as its main source of power, thanks to a microgrid with battery storage technology at its heart.
Two trial projects have been announced where vanadium redox flow battery (VRFB) energy storage systems will support electric vehicle (EV) charging solutions, one in South Korea, the other in Australia.
Canadian Solar subsidiary CSI Solar has signed a strategic cooperation framework agreement with Contemporary Amperex Technology Co. Ltd. (CATL) that will focus on energy storage and renewable energy technology.
AGL, one of Australia’s biggest power generation and retail companies, has received government planning approval for a large-scale standalone battery storage system, a year on from its first announcement of the project.
The government of Queensland will commit “at least AU$10 million (US$7.21 million)” to building a multi-user vanadium processing plant to capitalise on natural resources in the Australian state.
