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Australian battery energy developer Akaysha Energy Pty Ltd, backed by BlackRock Inc, has secured AUD 250 million in debt financing for the construction of two battery energy storage systems in Queensland. The funds will support the 155-MW/298-MWh Ulinda Park project and the 205-MW/410-MWh Brendale project, both serving the National Electricity Market.Ulinda Park will utilize Powin Battery technology, while Brendale will be equipped with Tesla Megapack. The debt raise was arranged by a group of seven lenders, including CBA, DBS, ING, Mizuho, MUFG, Rabobank, and SMBC, with a tenor of three years and over AUD 100 million in letters of credit to support security obligations. The projects are set to enhance energy storage capacity in Australia. What is the total capacity of the two battery energy storage systems in Queensland? The total capacity of the two battery energy storage systems in Queensland is 360 MW/708 MWh Ulinda Park has a capacity of 155 MW/298 MWh Brendale has a capacity of 205 MW/410 MWh Ulinda Park will utilize Powin Battery technology Brendale will be equipped with Tesla Megapack

Australian houses have actually taken on roof PV with unprecedented enjoyment, with households and local business both contributing towards the shift away from polluting fossil fuels while decreasing energy expenses. While a recession is expected on the back of Covid-19, setup prices are still going beyond most projections. Nonetheless, the right to install a rooftop system is not a provided and people wanting to install small planetary systems as soon as this years might face substantial limitations to grid exports of their PV power and also their capability to attach a system reduced by grid drivers. The end result could be rooftop PV possessions that are not able to press every one of the power they generate right into the grid-- pushing out presumed repayment periods. " It would certainly be damaging for the sector and also for customers," explains Ben Cerini, a professional with Cornwall Insight Australia. "Households might find themselves with stranded assets, which is a bigger concern for them than institutional capitalists due to the fact that they are not as innovative [investors]". The warning comes on the back of recent evaluation from Cornwall Insight Australia, which located that 24.5 GW of sub-100kWp solar is set to be contributed to Australian roofs with to 2030-- if, that is, such restraints are not established. Some electrical network drivers, or DSNPs, have actually magnified their efforts in interacting that the capability of a home to export power a rooftop PV system is far from being a given "right." Victorian DNSP Powercor, which services the western suburban areas of Melbourne and also the west of the state, is encouraging homes in the regions it offers to explore whether PV export is permitted. " If no action is taken by 2026, customer care by nearly half of our zone substations will experience problems when they attempt to export energy to the grid," said Steven Neave, Powercor GM of Electricity Networks stated in a declaration, released in late May. In the very same news release, Powercor kept in mind that the number of roof PV systems on its network enhanced from 142,200 at the beginning of 2020, to 150,500 by April-- suggesting the solar installment rate was likely to enhance by 18% in 2020, up from 14% in 2019. DNSPs clearly have a passion in highlighting the challenges caused by roof solar in running their networks. At the same time, so do solar installers, that want to highlight the quick investment repayments delivered by roof solar. Nevertheless the formulas utilized by solar salesmen may be based on the capacity to feed solar power into the grid-- something that is not given. Distribution market. Cornwall Insight Australia's Cerini states that the price of roof solar installations shows that pursue producing a distribution-level market should be increased. Cerini keeps in mind that ventures such as Energy Networks Australia and also the Australian Energy Market Operator's (AEMO) OpEN job must be pushed forward, provided the current uptake of roof PV. The Open Energy Network (OpEN) project looks for to investigate the way in which distributed power sources (DER) can be incorporated right into existing networks, in a manner that minimizes power expenses for customers. A first OpEN conversation paper was launched in May. Circulation markets are one of the actions suggested by the OpEN job, because they might promote technologies such peer-to-peer trading of electricity as well as recognizing alternative value streams for DER, such as rooftop solar as well as residential battery storage. They stand for an essential change in the direction of a two-sided electrical energy market at the circulation degree-- a concept included in the term "energy prosumer.". Cornwall's Cerini suggests that, given current installment levels, these initiatives must be sped up. He keeps in mind that the OpEN paper thinks lower solar setup prices than are presently underway, adding that by delaying the service a circulation market might "guarantee that consumers ... incur unneeded prices. " We are years away from getting that [circulation markets] up and running and also not far away from hitting the limits for integration," says Cerini. He includes that this "run rate" is not likely to decrease: "Rooftop solar is not even as cost delicate as huge range renewables ... as there is a series of reasons consumers want DER on their residential property.". Limitations on grid exports by DNSPs will likely stimulate need for power storage space-- which, while pricey, enable homes to get some worth for every single electron produced by their roof system. Sector onlookers do note that AEMO as well as various other bodies are working at an unmatched speed to develop a setting in which the rapid solar uptake can be suited. Cerini as well as the Cornwall experts note that the company's analysis is based upon both there being a pandemic-related decline in the small solar market and also average PV system sizes being available in at 4.5 kWp.

wind and solar plays in OECD markets, a group spanning Europe, the US, Turkey, Australia, Japan, Israel, Chile and others. In principle, the fund’s US$2.5

farm will develop part of a bigger precinct currently being established by the Australian arm of Spanish energy group Acciona. CleanCo has actually additionally agreed

of the globe's biggest greenhouse gas emitters and also power customers. In Australia, for example, structures represent over 50% of electrical energy usage and

need from electrical lorries as well as the power storage space market rises. Australia is just one of the globe's most significant providers of lithium.

Australian firm Sicona Battery Technologies Pty Ltd has actually elevated AU$ 3.7 million in a pre-Series A financing round from leading investors to scale battery products innovation around the world. This most current capital injection follows the company's $1 million seed round in July 2020, the honor of a $704k 'Accelerating Commercialisation' Grant by the Australian Federal Government in November 2020, as well as Sicona's involvement in the prominent Startmate accelerator in its Summer 2021 climate technology accomplice. The financing round was led by global endeavor firm Artesian and US-based Riverstone Ventures, an associate of Riverstone Holdings, with significant participation by Chaos Ventures (New York), Bandera Capital (Australia), SDGx Ventures (Singapore), and numerous noticeable Australian climate-tech capitalists and international battery products specialists. Sicona, founded in June 2019 by Christiaan Jordaan and also Andrew Minett, is establishing next-generation battery technology utilized in the anodes (adverse electrodes) of lithium-ion batteries that enables electrical mobility. Sicona is commercialising cutting-edge silicon-graphite composite battery anode as well as binder process technology and also products, established and also perfected over the last 10 years at the Australian Institute for Innovative Materials (AIIM) at the University of Wollongong. Sicona's existing generation silicon-graphite composite anode products supply 50% to 100% greater capability than traditional "graphite-only" products and as a result, its cell manufacturer customers can unlock greater than 50% greater cell energy density than current Li-ion batteries thereby boosting electrical vehicle variety whilst lowering the cost as well as the time it requires to charge. According to a current report prepared by Accenture for the Future Battery Industries Cooperative Research Centre (FBICRC), of which Sicona is an associate individual, diversified battery industries might add $7.4 billion annually to Australia's economic climate as well as assistance 34,700 jobs by 2030. Among the six opportunities recognized in the report for Australia to expand its presence throughout the battery value chain is the establishment of "active materials making capability to offer the global worth chain". Sicona specifies that it can satisfy this duty well as it has strategies to establish residential commercial-scale innovative manufacturing of its next-generation energetic anode materials. The international lithium battery chance is proliferating with more than 4TWh (comparable to 4,000 gigawatt sized factories) of introduced cell production needing in excess of four million tonnes of anode products per year. From its Australian base, Sicona also has its eyes set on releasing commercial-scale production plants in Europe and The United States And Canada. Sicona owner and CEO Christiaan Jordaan stated: "We are incredibly happy for the assistance from our growing global financier base. Our next landmark is the appointing of Sicona's pilot manufacturing plant at our site in Wollongong as well as leveraging its larger-scale manufacturing ability to qualify our products with worldwide battery manufacturers and conduct larger-scale battery testing programs." Kevin Wang, Vice President at Riverstone Holdings, claimed: "We are thrilled to sustain Sicona with this financing round as it is looking to scale its ground-breaking battery materials modern technology and also leverage its successes right into the fast-growing markets developing for lithium-ion batteries in Europe and the United States."

Winter season Olympics curbs in China, to pandemic-related labor shortages in Australia. That's readied to ratchet up the squeeze on EV manufacturers after a year

take care of US-based Plug Power to produce its modern technology in Australia. FFI states the electrolyser facility will have an initial capacity of 2

as 18% from the Asia-Pacific area, with the United States, Germany and also Australia being its primary markets. Regardless of the less than expected outcomes for

underway to know a project that will certainly export clean electricity from Australia to Singapore via a subsea cable that will travel through Indonesia. Sun Cable,

area for the organized production center has not been identified, Allen stated Australia has most of the ingredients needed to host a solar manufacturing market. "We

July: A 67.8MW, PPA-backed project by Fotowatio Renewable Ventures (FRV) in Australia has secured financial backing from top banks. The Goonumbla scheme

Australian power retailer Zen Energy has secured an AUD 43 million (USD 28.1 million) investment from Taiwan's HD Renewable Energy. In exchange for its investment, HD Renewable will acquire 9.7% of Zen Energy's newly issued ordinary shares, valuing the company at AUD 443 million post-transaction. This partnership is aimed at advancing energy storage and green hydrogen projects.The collaboration will focus on developing projects in Australia, Taiwan, and potentially Japan. This partnership follows a cooperation agreement signed earlier this summer, targeting the development of renewable hydrogen and energy storage initiatives, alongside commitments for up to 500 MW of energy offtake. What are the implications of Zen Energy's partnership with HD Renewable Energy for the industry? The partnership between Zen Energy and HD Renewable Energy carries several implications for the renewable energy industry, particularly in the realms of energy storage and green hydrogen. Here are some key points to consider: Enhanced Investment in Renewable Technologies: The significant investment from HD Renewable Energy showcases growing international confidence in Australian renewable energy projects, potentially attracting more global investors to the sector. Boost to Energy Storage Capabilities: With the collaboration focusing on energy storage solutions, there could be advancements in battery technologies and energy management systems, essential for optimizing and stabilizing power supply in renewable networks. Accelerated Green Hydrogen Development: The partnership emphasizes the importance of green hydrogen as a clean energy carrier, likely leading to increased research, pilot projects, and scalable solutions in hydrogen production, contributing to Australia's position as a leader in this emerging market. Opportunities for Cross-Border Collaboration: The geographical focus on projects in Australia, Taiwan, and Japan fosters greater international collaboration in renewable energy innovation, knowledge sharing, and technology transfer across borders. Creation of New Job Opportunities: As projects develop and expand, this partnership may create a variety of jobs within the renewable energy sector, from engineering and technical roles to project management and operations, thereby contributing to local economies. Strengthening Regional Energy Supply Security: By developing energy storage and hydrogen projects, this collaboration could enhance energy resilience and independence in the regions involved, reducing reliance on fossil fuels. Support for Policy and Regulatory Frameworks: Collaborative projects may stimulate discussions around supportive policies and regulations for renewable energy technologies, encouraging governments to create environments conducive to further investment and development. Potential for Innovative Business Models: The partnership may lead to the emergence of new business models in renewable energy, particularly in how energy is produced, stored, and sold, fostering competition and innovation in the marketplace. Public Awareness and Acceptance: As projects are rolled out under this partnership, they may help raise awareness of renewable energy solutions among the public, potentially increasing acceptance and adoption of green technologies among consumers and businesses. Alignment with Global Sustainability Goals: This partnership underscores the alignment of private sector initiatives with wider global objectives such as reducing greenhouse gas emissions, promoting sustainable energy practices, and fulfilling commitments under international climate agreements. Long-Term Industry Growth Potential: If successful, this partnership could pave the way for future collaborations, setting a precedent that encourages more entities to invest in and partner for sustainable energy initiatives, further driving growth in the renewable sector.

Energy has secured agreements under Australia’s Capacity Investment Scheme (CIS) for two hybrid solar and battery projects in Townsville, North Queensland.