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Energy: BHP signs French developer for 24/7 renewable energy baseload to power Olympic dam copper mine

French company Neoen will supply Olympic Dam with “baseload” renewables, involving wind power backed up by battery storage.

What do we know about battery storage risk?

Any new energy technology asset class comes with risk that needs to be recognised, write Liam McEneaney and Daniel Stevens at AXIS Insurance

Batteries not included: Coalition s stunning hatred of new technology

11 May 2021 It really is getting beyond a joke. It was bad enough when Tony Abbott and Joe Hockey were railing against wind farms because they – and many of the Coalition donors – didn’t like the look of them. It was pretty depressing when then prime minister Malcolm Turnbull chose to run with the conservative pack after the South Australian blackout and amplified the “when the wind don’t blow and the sun don’t shine” mantra that has convinced a generation of Coalition politicians that coal is a must-have to keep the lights on. And it might have been funny when Scott Morrison compared the Hornsdale big battery in South Australia to the Big Banana when treasurer, and then as PM tried to scare voters off electric vehicles by claiming Labor’s EV strategy would steal their utes and ruin the weekend.

Faster, cheaper, cleaner: Big batteries the new king of peaking services

10 April 2021 Big batteries have emerged as the more effective provider of peaking services within the electricity market, beating out gas generators on cost and effectiveness, new analysis published by the Clean Energy Council has argued. Peaking generators play an important role within the electricity system, providing additional supplies of power at short notice when demand for electricity surges to very high levels, such as very hot summer days. Traditionally, these services have been provided by open cycle gas generators, which have the ability to start generating electricity in less than 15-minutes. However, these generators are generally costly to operate, lay dormant for most of the year and secure most of their revenues during the brief periods throughout the year when wholesale electricity prices are extraordinarily high.

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