Investment bank says wide deployment of battery storage will hasten the demise of fossil fuels and utilities that remain focused on centralised generation. It tips rapid fall in costs and a $400bn storage market by 2030.
Tony Abbott’s decision to award an Australian knighthood to a 93 year-old British prince tells us all we need to know about this Coalition government: isolated, ignorant and locked in the past. Now we may find out if there are any moderates left in government, and if Australia’s climate and clean energy policies can be retrieved.
Australia has again courted controversy on the international stage, sending an embassy staffer instead of its energy minister to the annual congress of the International Renewable Energy Agency. Shades of Warsaw and its decision to snub the climate change conference – another international policy arena it seeks to avoid.
Saudi Arabian power giant says combination of cheap solar PV and solar tower and storage will be cheaper, cleaner and more reliable than base-load fossil fuels. The market is now talking about a “seismic change” in the industry, but western countries are still in shock.
Founder of Liquid Metal Batteries says Australia could help lead energy revolution by establishing a manufacturing base for batteries storage. He also plans a pilot plant in NSW combining solar PV and storage and 24/7 output.
Solar Impulse to circle globe powered by just the sun, and storage. The feat will test the limits of human endurance, with pilots having to fly non-stop for up to five days and nights, but will ram home a message that the technologies for a clean energy system are available now.
Even the world’s biggest fossil fuel producers recognise that solar is winning the cost war. In the next two years, solar costs will fall even further – as much as 40 per cent. Here’s how.
As oil prices continue plunge, a Saudi Arabian company has bids record low solar PV price in world’s largest tender, and a record low price for solar tower and storage. Yet another sign of the major transition in energy markets.
In just a single life-time, unchecked human activity has put life on Earth in peril, according to two new research papers. Four of nine critical planetary processes have been crossed since the detonation of the first atomic bomb signalled the start of the Anthropocene, when human activity took over from natural variability.
Rooftop solar and energy efficiency accounted for most of the demand cuts from Australia’s electricity grid. But on the grid itself, the share of renewable energy fell sharply, and emissions rose as coal reasserted its dominance.
Deutsche Bank says solar could be at grid parity in most global markets within two years. It predicts the US market will soar to 16GW a year, solar costs will continue to fall and the slump in oil prices will have a negligible impact on solar’s march.