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Energy storage

September

Large batteries arriving at the Stanwell power station in Queensland.

Labor shrugs off flat battery projects with $25m investment

Treasurer Cameron Dick said he was confident the $70 million plant in Maryborough wouldn’t suffer the same fate as earlier failures of battery ventures.

  • Angela Macdonald-Smith and James Hall
Shell Australia chairwoman Cecile Wake says regulatory and policy settings are putting at risk investment vital to the transition.

Shell says ‘dysfunctional’ rules putting energy transition at risk

The London-listed group’s local chairwoman, Cecile Wake, says high hurdles for its gas projects are now emerging in its big renewable generation portfolio.

  • Angela Macdonald-Smith
Jeremy Grantham is pouring his $1-billion-plus fortune into the climate-change fight.

Legendary investor Jeremy Grantham, Origin back energy storage startup

Australian investors tipping into the $17.5 million funding round include ASX-listed energy giant Origin Energy, Melt Ventures and Impact Ventures.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Anthony Woodyard, general manager of Armstrong Floorings, at its Braeside plant, which has 300 kilowatts of rooftop solar panels and is considering adding another 500kW.

This man’s $168k annual saving gives hope for net zero

Household rooftop solar has taken off, but small and medium firms have barely started. The huge reduction in the cost of solar panels and batteries may change that.

  • Ben Potter

How this battery system can help the energy transition

The electricity grid is long on solar power and short on storage. This first of a kind battery service could be the solution.

  • Sian Powell
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Render of Hydrostor’s planned Silver City Energy Storage Centre near Broken Hill in western NSW.

Out of thin air: Solving the energy storage dilemma

Two first-of-a-kind technologies in Australia are firming up as options to crack the tough nut of energy storage that lasts much longer than batteries.

  • Angela Macdonald-Smith

August

Anthony Garnaut, CEO Zen Energy (right) and Ross Garnaut, director and investor in Zen Energy, at a former coal mine site at Nattai,  next to Lake Burragorang, where the company plans to build a pumped hydro plant. 
Photo: Nick Moir

Garnaut-backed Zen Energy sinks to $35m loss as volatile prices bite

Zen Energy, backed by Ross Garnaut, suffered volatile early-winter electricity prices and a near-$100 million loss on hedging contracts.

  • Ben Potter
Redflow CEO Tim Harris at the company’s Thailand battery factory in Chonburi in May 2023.

Collapsed Queensland batteries maker draws early buyer interest

The descent of Redflow into administration follows similar collapses earlier this year of Tritium and Redback Technologies, which have both since been sold.

  • Angela Macdonald-Smith
Solar panels.

Origin’s virtual power plant now as big as a coal power station

The company has claimed bragging rights over rival AGL for the largest virtual power plant in Australia – and perhaps the world.

  • Ben Potter
AGL Energy CEO Damien Nicks at the Torrens Island battery, which chipped in $28m to AGL’s operating profit in its first nine months of operations. Photo: Roy Van Der Vegt

How AGL’s big battery bet on Firm Power will pay off

The surge is caused by huge expansions in manufacturing capacity, plunging battery cell prices and an urgent need for on-demand power.

  • Ben Potter
AGL Energy CEO Damien Nicks

AGL Energy prepares to unveil big batteries play; acquires Firm Power

The company, which builds project to support the energy transition by providing firming power, was founded by Simon Ingram and Chris Wilson.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Wind farms produced much less electricity in the June quarter than is typical for the period.

Super funds look to take advantage of energy transition

The biggest question for the $3.9 trillion super sector is not whether to invest in the energy transition’s unlisted asset boom, but rather which opportunities are best.

  • Hannah Wootton

July

A molten salt tower solar thermal power station in Jiuquan, China. Molten salt is used as thermal storage to continue producing electricity even when the sun is not shining.

No wind or sun? Try using compressed air and molten salts

“You want as many cards up your sleeve as you can,” says Hydro Tasmania chief executive Ian Brooksbank of emerging renewable generation technologies.

  • Angela Macdonald-Smith
The battery will be installed close to an ageing coal power plant that is due to close in 2027.

Origin Energy ups battery investments with $450m Eraring project

The second power storage system to be installed at the NSW Central Coast site will have more than double the duration of the first one.

  • Angela Macdonald-Smith
Andrew Forrest has toured the world signing agreements to study green hydrogen and promoting the product – including with London taxis.

Fortescue’s pivot shakes faith in Labor’s Hydrogen Headstart strategy

Power prices would need to drop steeply and electrolyser costs more than halve to produce hydrogen at anywhere near a competitive level, the industry has warned.

  • Angela Macdonald-Smith
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The battery system will be built near Wellington in NSW.

Akaysha signs $650m debt deal for giant NSW battery

The system to be built near Wellington will be one of the largest in the world. The BlackRock-owned group has also struck a supply deal with EnergyAustralia.

  • Angela Macdonald-Smith
Snowy Hydro’s gas power portfolio includes the Colongra plant in NSW.

Snowy Hydro pushes gas power ambitions with major storage deal

The 25-year contract will underpin the expansion of the Iona project, and underscores expectations the fuel will remain part of the energy mix past 2050.

  • Angela Macdonald-Smith
HMC Capital managing director David Di Pilla has big plans for the company’s climate strategy.

HMC Capital chooses battery storage for first climate investment

David Di Pilla’s asset manager will pay up to $50 million for a controlling stake in StorEnergy, which is headed by a former Spark Infrastructure executive.

  • Kylar Loussikian

June

Three big challenges for Australia’s net-zero transition

Addressing the missing middle, allaying community concerns and more government cooperation will all be critical to the future of the net-zero transition, according to energy experts.

  • Ronald Mizen

The big equity problem in household EV charging

Gavin Dufty, executive manager of policy and research at the St Vincent de Paul Society, says the current electricity tariff system is not fit-for-purpose when it comes to EV charging.

  • Ronald Mizen

Original URL: https://www.afr.com/topic/energy-storage-1mqj