Australian mining giant Fortescue has accelerated its timeline for deploying 4-5GWh of battery energy storage systems (BESS) paired with 1.8GW of renewable energy generation, which it now expects to begin commercial operation by 2028.
Construction has officially commenced on a network upgrade in Australia’s New South Wales Upper Hunter region, which is set to boost transfer capacity by at least 1GW by 2028, in support of the state’s renewable energy transition.
New South Wales (NSW) energy minister Penny Sharpe has directed ASL to deliver a firming capacity tender addressing forecast energy shortfalls from 2033-34.
Major Australian energy generator-retailer EnergyAustralia has reached financial close on its 250MWh Hallett battery energy storage system (BESS) in South Australia.
Energy infrastructure platform Revera Energy has completed an expanded US$150 million credit facility to accelerate development and construction of its battery storage, solar, and green hydrogen project pipeline across Australia and the UK.
Sahand Karimi and Henry Swisher of OptiGrid examine the two primary metrics used to evaluate the performance of battery storage trading: normalised revenue and percentage of perfect capture rate.
The latest episode of the Solar Media Podcast is now available to stream, featuring considerable discussion around the ongoing COVID-19 pandemic and its impact on the energy storage sector.
