On Friday (4 October), the US Department of Energy (DOE) announced Australia as an international collaborator on its Long Duration Storage Shot initiative.
Renewable energy developer TagEnergy has energised what it claims is the UK’s ‘largest’ transmission-connected battery energy storage system (BESS): the 100MW/200MWh Lakeside project in North Yorkshire.
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.