One of Australia’s biggest and most ambitious energy investors, Quinbrook Infrastructure Partners, says it is now back in the Australian market, with “renewed” hope for renewables and storage after the switch in governments from the Coalition to Labor. Quinbrook has focused most of its $US2.5 billion of investments on international markets in recent years, particularly […]
Maoneng receives Mornington Peninsula battery grid connection assessment approval – EQ Mag Pro
Australian renewable energy company Maoneng’s large-scale battery project on Victoria’s Mornington Peninsula has reached another milestone in its development. The Australian Energy Market Operator has given Maoneng grid connection assessment approval to connect the standalone 240MWp / 480MWh Battery Energy Storage System (BESS) to AusNet’s existing Tyabb substation in the southern part of the Victorian […]
Northern Territory Passes Legislation Accelerating SunCable’s AAPowerLink Project – EQ Mag Pro
NT government has passed a legislation which will support the development of Sun Cable’s AAPL project It will clarify and streamline existing processes for the project while increasing its certainty and facilitate Sun Cable to secure financing The legislation provides for the grant or consent to the grant of tenure, but Sun Cable will still […]
Origin wins approval for 700 MW/2,800 MWh battery at NSW coal site – EQ Mag Pro
The New South Wales government has cleared Origin Energy Ltd’s (ASX:ORG) plan to install an up to 700-MW/2,800-MWh battery facility at the site of its to-be-retired Eraring coal-fired power station in the Aussie state. The Sydney-based electricity and natural gas company said on Thursday that the planning approval, issued by the state Department of Planning […]
Renewables snapshot: Are we on track to decarbonize the globe? – EQ Mag Pro
In 2021, solar PV and wind comprised about three quarters of global net generation capacity additions. Adding all renewables together brings the figure to 84%. Solar PV and wind have both reached about 0.9 Terawatts (TW) of installed capacity. They must do the heavy lifting to mitigate climate change. Although there are supply chain bottlenecks […]
The (near) future of energy storage – EQ Mag Pro
The shift to renewables is happening faster than anybody imagined. As that transformation continues to accelerate, one obvious question arises – what about energy storage? Engineers Australia recommendations the government to supercharge support for households and companies to purchase energy efficient products. This requires well considered policies to more deeply encourage and better inform investment […]
Offshore microgrid to showcase ocean energy and storage technologies – EQ Mag Pro
A push to unlock the “almost limitless” potential of Australia’s vast ocean energy resources is being launched on Wednesday, including plans to build a pilot-scale offshore microgrid that renewables with storage, green hydrogen production, and even EV charging. The “world-first” Integrated Ocean Energy Marketplace, or IOEM, is being proposed by the Australian Ocean Energy Group […]
“Coal-fired power stations will close, regardless of who’s in office:” Bowen – EQ Mag Pro
Federal Labor’s climate and energy spokesperson Chris Bowen has issued a blunt assessment of Australia’s ageing coal fired power stations, saying no matter which party forms government after the election, coal plants will continue to close. Speaking at an event hosted by The Australia Institute on Friday, Bowen said that he acknowledged the reality of […]
Neoen energy storage revenue surges amid new project commissioning – EQ Mag Pro
Neoen recorded a near three-fold increase in revenue from its energy storage segment in Q1 2022. The independent power producer (IPP) recorded total revenues of €109.1 million (US$115 million) in the opening quarter of this year, its battery storage revenue climbing to €14 million. Neoen said the rise in revenue was mainly attributable to the […]
“A future without petrol bills:” Labor promises Australia-wide EV charging network – EQ Mag Pro
Federal Labor has promised to ‘fill the gaps’ in Australia’s electric vehicle charging network, announcing a plan to fund new fast-chargers along some of Australia’s major highways. Addressing the official launch of the Labor election campaign in Perth, Labor leader Anthony Albanese said the expanded network would allow Australians to “drive an electric vehicle across […]
