Tasmania’s grand plans to spend $3 billion on pumped hydro and new links to become the “renewable battery” of Australia may be undone by the plunging cost of battery storage.
As centralised and distributed energy markets continue to diverge, can the curse of capital allocation be managed in a way that creates value (or at least minimises loss) for shareholders?
As the cost of solar, storage and wind continue to fall, the pressure on utility business models and their so-called “parenting advantage” will increase significantly.
Despite the bravado of the fossil fuel apologists, the tide to clean energy is turning. Seven events in the past two months highlight the significant and unstoppable transformation that is occurring in our energy system.
The big old fossils are going to come out swinging at proposed 5-minute settlement rule, but fast, flexible players will form backbone of a decarbonised grid.
Newly introduced rooftop solar and battery storage limits could send some households at least partially off-grid – potentially bringing forward the much discussed death spiral. Meanwhile, regulator warns system upgrades will require entire system to meet latest standards.
Rooftop solar capacity in Queensland receiving state’s now defunct premium FiT of 44c/kWh has been overtaken by the total of rooftop solar receiving retail rate.
Reposit Power says home battery storage the key to Australia’s energy security puzzle, not grid-scale applications.
Mothballed Pelican Point power station fires up again after Origin agrees to sell it some gas and take its output, possibly giving opening to solar thermal.