Redflow says unique “flow battery” could cut energy storage costs by 40% within first year of major manufacturing deal.
CEFC makes $20m loan to Carnegie, marking the world’s first ever pure debt facility to wave energy company, and attempting to ensure that the Australian-made technology is developed in its home economy.
Solar sector fears worst on RET review blackout, as government tenders for modelling; and new analysis suggests RET changes could kill large scale solar.
Japan announces new subsidy to support households and business to add battery storage to solar arrays.
Solar stocks are outshining all others as major economies underpin deployment, solar head to utility-scale grid parity, and market investment flows double. And HSBC says there is still a lot of upside in the market.
Victoria slammed as another conservative government teams with Murdoch press to demonise energy efficiency. “Only an idiot would want to cut it back.”
Solar PV will move from being the “disruptive” technology to displace fossil fuels as the incumbent technology. But does the advent of cheap storage mean that households will disconnect from the grid? Either way, business models need to change, says CEC.
Climate change is real, Australia’s policies are not credible, renewable energy investment is leaving Australia, wind and solar do not add costs to the grid, they don’t need new back-up, and they have been reducing prices. And the world is moving on.
Norway’s sovereign wealth fund – the world’s largest – to boost spending in renewables, possibly $40bn. And it may also ditch coal investments.
India’s likely new PM promises “saffron” energy revolution and potential 10-fold increase in its solar target. Bad news for coal, Rinehart, Palmer, BHP.