Australian Renewable Energy Agency

Last year, Australia's government made a news concerning the $200 million in grant financing for the Community Batteries for Household Solar Program. The initiative is aimed at providing community batteries to lower electricity bills and also emissions while also aiding storage of excess solar energy, and curbing grid pressure.

Vast Solar will certainly be establishing the 30 MW/ 288 MWh focused solar plant in Port Augusta, South Australia. The innovation creates clean, low-cost, dispatchable power by capturing and storing the sun's energy during the day to be used to produce heat as well as power, consisting of in the evening.

The University of New South Wales Sydney have actually been awarded $30 million under ARENA R&D Program to sustain R&D and commercialisation activities to significantly reduce the cost of solar. The scientists are going to receive $30 million for 9 projects across the cells and also modules stream, and the Balance of System, Operations as well as Maintenance stream.

Ultra low cost solar was lately added as a concern technology in the Australian Government's most current Low Emissions Technology Statement (LETS). In support of ultra low cost solar, ARENA has actually set an enthusiastic target of 'Solar 30 30 30', to boost solar cell performance to 30 percent and also lower the complete cost of building and construction of utility scale solar farms to 30 cents per watt by 2030.

A team of scientists at the Australian National University have produced a bifacial solar cell with a front conversion effectiveness of 24.3% and a rear conversion efficiency of 23.4%, standing for a bifacial aspect of 96.3%. This performance represents a reliable power outcome of around 29%, well exceeding the performance of the most effective single-sided silicon solar cell. The outcomes have been individually verified by the CSIRO.

On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced $15 million in funding to RayGen Resources Pty Ltd (RayGen) to construct its very first of a kind 'solar hydro' nuclear power plant making up 4 MW of solar PV generation and 3 MW/ 50 MWh (17 hours) of dispatchable storage ability in north-west Victoria.