Energy storage gains momentum in Australia
Canberra is ahead of the game when it comes to the biggest challenge for new energies
Energy storage is widely acknowledged as critical to the effective deployment of intermittent renewable energy, especially solar power. In Australia, the government of the ACT (Australian Capital Territory—the country's federal district) is undertaking the second-largest roll-out of household batteries in the world (after Germany), through a programme specifically aimed at boosting energy storage capacity. It is an innovative programme, in which the government has adopted a funding model that goes a step beyond simply implementing feed-in-tariffs (FIT) to support renewables. "The contract-for-difference FIT model used by the ACT to support the deployment of large-scale renewables doesn't inc
Also in this section
15 November 2024
With Chevron and AIM-listed Challenger Energy having completed their Uruguayan farm-out deal, Challenger CEO Eytan Uliel updates Petroleum Economist on the firm's progress in the frontier basin
14 November 2024
The country is seeking to secure its position as a major global refiner and meet rising domestic requirements
13 November 2024
IOCs are focused on the next wave of exploration activity in Namibia and are keen to learn from one another’s results