Pumped Hydro

Storage

Long or short on energy storage? A deep dive into price signals for duration
There are very sharp diminishing returns for longer duration storage under current market arrangements, which makes it difficult for private investors.
Dan Lee

Sep 7, 2023

0
Storage

Snowy 2.0 documents suggest the $12 billion project’s boring troubles are far from over
A planning application to fix Snowy 2.0 sinkhole and un-pause Florence offers insight into how the boring machine got stuck – and why more troubles could lie ahead.
Sophie Vorrath

Sep 6, 2023

0
Marinus secures cable deal as full costs of sub-sea link revealed
Marinus signs deal for cable supply in downsized sub-sea link, as Tasmania reveals the blown out cost estimate of the full project.
Joshua S. Hill & Staff Reporter

Sep 6, 2023

0
For the cost of Snowy 2.0, Australia could have 12GW of Tesla Megapack batteries
Snowy Hydro railed against battery storage when it sought to justify its vanity Snowy 2.0 scheme. But with 12,000 Tesla Megapacks we wouldn’t be arguing about the closure of Eraring.
Giles Parkinson

Sep 6, 2023

0
Battery

Genex eyes trebling of revenue, says new battery already “sopping up” negative prices
Genex says its revenue will increase threefold over next three years, with its growing storage portfolio and the “tremendous opportunity” of volatile grid pricing.
Sophie Vorrath

Sep 4, 2023

0
Snowy Hydro boss apologises for cost blowouts, Bowen says it won’t be cancelled
The head of Snowy Hydro has apologised for large cost blowouts, while energy minister Chris Bowen says it would be a waste to cancel the project after so much has been spent.
Andrew Brown

Sep 1, 2023

0
Storage

Snowy 2 Much: How can a 2.2GW water battery be worth more than $12 billion?
The Snowy Hydro “reset” comes with no details or analysis. The Australian public, as the ultimate shareholders, must be provided with a comprehensive report, not just a two page media release.
Ted Woodley

Sep 1, 2023

0
Storage

Bowen confirms $12bn Snowy 2.0 cost blowout, says pitfalls should have been known
Federal government confirms huge blowout in costs of Snowy 2.0, with $4.3bn already spent, as Snowy Hydro sets a new path forward for the beleaguered project.
Sophie Vorrath

Aug 31, 2023

0
Storage

“Australia’s biggest engineering debacle:” Snowy 2.0 costs double again to reported $12bn
Experts call for an independent review of Snowy 2.0 as costs of the controversial project are reported to have doubled again to $12 billion, not including transmission.
Sophie Vorrath

Aug 30, 2023

0
Coal

EnergyAustralia closes in on first big battery deals as it searches for new partner
EnergyAustralia says it is nearing decisions on the first big batteries it will actually own in Australia as it plans to spend $400 million upgrading its Yallourn brown coal generator.
Giles Parkinson

Aug 7, 2023

0
Storage

Australia seeks 24 gigawatt hours of storage, and batteries have the front seat
Australia confirms it is seeking 24 gigawatt hours of storage through its capacity investment scheme, with batteries looking best placed.
Giles Parkinson

Aug 5, 2023

0
NSW Government

Location of giant pumped hydro project moved after community push-back
EnergyAustralia decides to shift top reservoir and bury the pump house of proposed pumped hydro project after feedback from the local community.
Giles Parkinson

Aug 2, 2023

0