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.
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.
Finding developers who want long-term partnerships on projects is key when entering multiple different markets, the head of shipping and energy infrastructure firm BW Group’s energy storage development and operation arm says.
Energy-Storage.news speaks with Danny Lu of Powin about some of the system integrator’s thoughts on the Australia market and delivery of the Waratah Super Battery.
The Australian federal government’s 2024-2025 budget includes a major investment in clean energy manufacturing and an energy bill rebate for households.
Commissioning has been completed on the first commercial-scale project using Energy Vault’s gravity energy storage technology, while the firm has also secured a 400MWh BESS order for a project in Australia. However, it expects revenues this year to be 70-85% lower than 2023.
