Energy

  • ENERGY NEWS

    Industry-leading technology will increase renewables in WA regions

    Horizon Power is rolling out industry-leading technology to unlock access to renewables, and reduce carbon emissions in microgrids across regional and remote Western Australia. The technology - Distributed E... more

  • offshore wind

    ENERGY NEWS

    Government highlights offshore wind potential for six Australian regions

    Australia is a step closer to becoming an offshore wind superpower, with a landmark new offshore wind announcement touted to bring jobs and economic opportunities, after years of waiting for the door to open on... more

  • Overnight

    ENERGY NEWS

    Overnight dispatchable renewable electricity must be incentivised

    Australia’s future energy system must include renewable power generators that can be dispatched for 12 or more hours, to meet Australia’s zero-emissions overnight power needs, the Australian Solar Thermal R... more

  • shopping centres

    ENERGY NEWS

    Queensland renewable energy to power shopping centres

    CleanCo has struck a major agreement with the Scentre Group, to provide renewable energy for its Westfield shopping centres across Queensland. Renewable electricity will be provided for Scentre Group primari... more

  • Industry-leading technology will increase renewables in WA regions
  • Government highlights offshore wind potential for six Australian regions
  • Overnight dispatchable renewable electricity must be incentivised
  • Queensland renewable energy to power shopping centres
green energy

Could Islamic financing help fund our green energy transition?

A sharia-compliant Islamic bond could offer a solution to encourage much-needed foreign investment in green energy projects as Australia works quickly to meet sustainability targets, according to a Deakin University Department of Finance academic. Dr Sohel Azad, an Islamic finance expert in Deakin Business School, said selling the bonds – known as ‘sukuk’ – on the Australian Securities Exchange (ASX) could be an innovative solution to bring investment certainty back to the energy market and fund ambitious projects like large-scale batteries. Australia is no stranger to Islamic finance. There are several non-bank lenders who offer sharia-compliant home loans, NAB started…
Global energy storage

Global energy storage market to reach 500GW by 2031

Market growth has staggered for global energy storage, with cumulative storage deployments expected to reach 500 gigawatts (GW) by 2031, according to Wood Mackenzie’s Global Energy Storage Outlook released today. Europe demand lags behind as the region’s grid-scale market struggles to stabilise, with only 159 gigawatt hours (GWh) forecasted for the region by 2031, compared to 422 GWh for China and 600 GWh for the United States. Dan Shreve, Global Head of Energy Storage at Wood Mackenzie, said: “Growth has stalled in Europe as regulatory barriers fail to improve storage project economics. In addition, limited access to power markets and…
storage

Study to explore Australia’s energy storage market design  

The Australian Renewable Energy Agency (ARENA) has announced $495,000 in funding to the Grid Innovation Hub at the Monash Energy Institute, Monash University, to conduct a desktop study exploring the integration of storage into energy markets with an aim to design efficient incentives for storage operators to enable clearer investment signals for storage. Researchers at the Grid Innovation Hub will conduct the desktop study to explore alternative market designs that could better support energy storage technologies and to design efficient incentives for storage operators to create clearer investment signals for storage. This includes assessing how day-ahead markets combined with balancing…
ARENA

New ARENA mandate to boost energy efficiency and electrification

The Australian Government has introduced the Australian Renewable Energy Agency Amendment (Powering Australia) Regulations 2022 which will expand the Australian Renewable Energy Agency's (ARENAA) mandate to allow the agency to support energy efficiency and electrification technologies that can reduce Australia’s greenhouse gas emissions. The transition to net zero will require technological changes across the whole of the Australian economy. Electrification of industrial processes and increasing energy efficiency are two approaches that will reduce emissions, when supported with increases in renewable generation. These new regulations replace the previous regulations, the Australian Renewable Energy Agency Amendment (Clean Energy Technologies) Regulations 2022 which were…
October

First tender for new electricity infrastructure set for October

A key milestone in the transformation of the NSW electricity network has been reached with AEMO Services, serving as the NSW Consumer Trustee, announcing that 4 October is the target open date for the inaugural tender round for new generation and long duration storage as part of the New South Wales Electricity Infrastructure Roadmap. The roadmap is an ambitious policy framework that coordinates investment for generation and storage infrastructure across the NSW electricity network, with the long-term aim of cheaper and more reliable energy for NSW consumers. Dr Paul Moy, Chair of AEMO Services, said the announcement of the first…

Equinor acquires energy storage developer in the US

Equinor has signed an agreement to buy a 100% stake in the US based battery storage developer East Point Energy LLC. The acquisition supports Equinor’s ambition to be a leading company in the energy transition and provides a platform for broadening our energy offerings in the US. The privately owned East Point Energy is headquartered in Charlottesville, Virginia and has a 4.1 GW current pipeline of early to mid-stage battery storage projects focused on the US East Coast. Additional growth potential beyond the current pipeline has been identified. Equinor senior vice president for power and markets within renewables Olav Kolbeinstveit…

New testing platform could fast-track large scale grid connections

On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced $498,000 in funding to the University of Queensland (UQ) to develop and test a new platform that will help speed up the process of connecting large scale renewable projects to the grid. Large scale generators are required to negotiate and agree to a set of Generator Performance Standards before connecting to the grid. Currently, compliance with these standards is demonstrated by extensive power system modeling that must then be validated during onsite commissioning. This process can be challenging and often causes long delays to connect these…