Australia’s Clean Energy Council has signaled that Q1 2024 saw signs of recovery for the nation’s renewable energy generation sector but warned that investment levels must radically increase to achieve 2030 decarbonisation targets.
Steven Miles, premier of Queensland, Australia, unveiled plans yesterday (7 June) to allocate a record AU$26 billion (US$17 billion) to the state’s Energy and Jobs Plan over the next four years, facilitating the rollout of solar PV and energy storage technology.
ZEN Energy’s 138MW/330MWh Templers battery storage project in South Australia has broken ground after clearing the grid connection approval process in ‘record time,’ according to technology provider Sungrow.
RWE will proceed with an 8-hour duration large-scale battery storage project in New South Wales (NSW), while a tender for more long-duration resources has launched in the state.
The revenue stack accessible to front-of-the-meter (FTM) battery storage in Australia’s National Electricity Market (NEM) is evolving, as the market dynamics evolve.