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Energy storage

This Month

Vanadium batteries are good for stationary energy storage.

Japanese giant buys Aussie battery start-up in coal to minerals pivot

Idemitsu has taken majority control of Vecco Group as it tries to move towards investments in critical minerals and energy storage.

  • Peter Ker
Andrew Forrest is the executive chairman of Fortescue and owns a sprawling renewables development business in Squadron Energy.

Andrew Forrest-backed wind farm gets taxpayer revenue guarantee

Energy Minister Chris Bowen will on Wednesday announce 19 projects to get the guarantee, but a new report says environmental laws are causing major project delays.

  • Ronald Mizen

November

The unusual reason home batteries are making more financial sense

The price of installing batteries to go with your home solar system hasn’t changed much in years, but the rising cost of electricity is making storage more cost-effective.

  • Nila Sweeney
Climate Change and Energy Minister Chris Bowen at COP29 in Baku, Azerbaijan.

Supersized renewables auction helps deliver 2030 emissions target

The government will reach its 2030 emissions target due after pumping taxpayers’ money into the Capacity Investment Scheme.

  • Phillip Coorey
Momentum is growing in new onshore wind farm projects.

Rebound in wind, solar projects revives slim hope for 2030 targets

More commitments were made to new wind and solar farms in the September quarter than in the whole of 2023, according to Clean Energy Council data.

  • Angela Macdonald-Smith
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Anthony Garnaut (right), CEO of Zen Energy, and Ross Garnaut, director and investor, at a proposed pumped hydro site in NSW last year.

Taiwan investor to open borders for Garnaut’s Zen Energy

The funding deal with HD Renewable Energy Co will enable Zen to progress battery projects in South Australia that will add needed storage to its portfolio.

  • Angela Macdonald-Smith

Innovations that go above and beyond to meet customer needs

Endeavour Energy, the winner of the Established Business to Consumer category, has found customer expectations keep changing, requiring an innovative response.

  • Christopher Niesche
Vast Solar wants to build a scaled-up version of its pilot concentrated solar project at Jemalong, NSW.

Solar thermal developer backed by energy royalty in financial peril

Vast Renewables, chaired by Peter Botten, is battling to remain a going concern, despite a funding deal last December that enabled its listing on the Nasdaq.

  • Angela Macdonald-Smith

October

Danish Aleemullah speaks at the Australian Financial Review Energy & Climate Summit in Sydney.

Why investors still have ‘great opportunity’ on the net zero path

Despite higher interest rates, foreign currency fluctuations and commodity price volatility, investors still see Australia as set for “a rapid amount of growth”.

  • Ronald Mizen
Origin Energy chief executive Frank Calabria says there is progress on our long energy transition.

Energy is a mess. But there’s light at the end of a 30-year tunnel

It’s not going to be easy, but a road map for the energy transition is taking shape and progress is occurring, even if it’s hard to see.

  • James Thomson
A storm-damaged Transgrid tower south of Broken Hill.

NSW to introduce 2034 target for long storage

NSW Energy Minister Penny Sharpe says the legislated goal will show investors the government has a long-term commitment to storage.

  • Angela Macdonald-Smith and Phillip Coorey
By expanding people’s access to cheap and reliable renewable energy, the Albanese government could put money back in the pockets of all Australians.

Labor to amp up household battery plan with low-interest loans

Clean energy advocates believe Labor is preparing to offer taxpayer-backed loans at the next election, in a plan designed to drive household electrification.

  • Ronald Mizen and Tom McIlroy
A lithium-rich lagoon in Chile’s Atacama Desert.

How this Aussie mining tech company is doing its bit for the planet

ElectraLith is named the 2024 AFR BOSS Most Innovative Company in the Agriculture, Mining, Engineering and Utilities sector.

  • Sally Patten

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
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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

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
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
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

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