Australia Suspends Power Trading In Spot Markets Updated On Thu, Jun 16th, 2022 by Saurenergy In a move meant to cool down ever higher energy prices and ‘hoarding’ so to say the Australian Energy Market Operator (AEMO) has suspended the wholesale electricity spot market across all five participating NEM states in the country. AEMO’s notice states that even as it is shutting the market wef June 15, it has been […] Read more
Despite Positive Results, Renewable Energy In Australia Faces Local Challenges Updated On Wed, Jun 8th, 2022 by Saurenergy Community protests are delaying Australia’s efforts to rebuild its overburdened electricity infrastructure, potentially delaying investments in wind and solar farms (Renewable Energy) that would be needed to replace retiring coal-fired power generation over the next 25 years. The continent sized country has long been blamed for going too slow on renewable additions, besides its high […] Read more
Australian City Turns To Compressed Air Project For Storage Of 1.5 GWh Updated On Mon, May 30th, 2022 by Saurenergy Broken Hill, a city in rural New South Wales, Australia, has opted for advanced compressed air energy storage for energy storage. The project can be completed and commissioned by 2025, if not earlier. The advanced compressed air energy storage (A-CAES) technology, Hydrostor, has been proposed by a Canadian company recently releasing a statement that its […] Read more
The Top 5: The Net Zero Commitments of Mining Firms & The Opportunity For Renewable Energy Updated On Fri, May 13th, 2022 by Saurenergy A mining company can never walk away from environmental damage and pollution. With the sentiments now focused on bringing down the emissions to achieve net-zero carbon emission targets, the top miners have also set their emission reduction goals. This article lists down the net-zero targets and measures by top mining companies based on their market […] Read more
AGL to Build Australia’s Largest Energy Storage Facility Updated On Wed, Mar 23rd, 2022 by Saurenergy AGL Energy Ltd – an Australian integrated energy generation and retail company – has announced that it has got the approval from the state government of New South Wales to build the country’s largest battery storage. Recently, AGL had proposed to construct a 500MW/2,000MWh battery energy storage system (BESS) as part of the Hunter Energy […] Read more
Multi GW RE growth opportunity for Origin Energy this decade, says firm Updated On Wed, Mar 9th, 2022 by Saurenergy Australian oil and gas major Origin Energy Limited (Origin) has announced it intends to undertake an initial on-market share buy-back of $250 million. The share buy-back is expected to commence in April 2022. Origin CEO Frank Calabria said, “Origin is in a strong financial position, with a robust outlook for the business and a capital structure […] Read more
China’s RE Boom Year Poses Challenges to Western Markets: WoodMac Updated On Thu, Feb 17th, 2022 by Saurenergy China’s renewables manufacturing has emerged from 2021 bigger and more competitive than ever before. Western markets are benefitting from trading with the IKEA of the energy transition, but balancing reliance on China’s technology providers with local interests is now a key political as well as environmental challenge, says Wood Mackenzie. China’s need to meet soaring […] Read more
Neoen Doubles Australian Battery Size, Citing ‘Market Opportunities’ Updated On Tue, Dec 14th, 2021 by Saurenergy French developer Neoen, the firm behind the original ‘big battery’ at Hornsdale Power reserve where is used Tesla batteries, has just expanded its bet on Australia. The firm has announced the doubling of its newest big battery production to 100MW/200MWh in the Australian Capital Territory (ACT). Neoen has emerged as a major storage player on […] Read more
Australian JV to Build Country’s Largest Privately Funded Battery Updated On Thu, Dec 2nd, 2021 by Saurenergy Engie, Macquarie’s Green Investment Group (GIG), and Fluence have partnered to deliver Australia’s largest privately-funded and owned utility-scale battery. The project will connect to existing network infrastructure to support the transition to renewable energy at the site of the former Hazelwood Power Station in the Latrobe Valley. Providing 150 MW/150 MWh of flexible energy, the […] Read more
