MinterEllison’s Post

ESG issues sit at the complex core of balancing reliability, affordability, and emissions reduction in the National Energy Market. See the commentary from my colleagues, Joao Segorbe and Paul Schoff, on this.

Battery Energy Storage Systems (BESS) have secured a significant win, achieving the highest percentage in the UK's latest capacity market auction. This milestone underscores the growing recognition of BESS as a critical component in the future of energy storage and grid stability. The UK's commitment to energy innovation and sustainability is evident in this development, which is a step forward for the energy sector. Learn more about this achievement on Energy Storage News. #EnergyStorage #BESS #UKCapacityMarket #RenewableEnergy #GridStability #SustainablePower

𝗛𝗼𝘄 𝗰𝗮𝗻 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗣𝗼𝘄𝗲𝗿 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁𝘀 𝗿𝗲𝘃𝗶𝘁𝗮𝗹𝗶𝘇𝗲 𝘁𝗵𝗲 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗲𝗹𝗲𝗰𝘁𝗿𝗶𝗰𝗶𝘁𝘆 𝗺𝗮𝗿𝗸𝗲𝘁? illuminem Voice, Jean-Baptiste Vaujour, an energy economist and professor, explores how Corporate Power Purchase Agreements (CPPAs) are pivotal for the EU's electricity market reform. By offering long-term contracts between power producers and corporate consumers, CPPAs help stabilize prices and support renewable energy financing despite their complexity. 𝗞𝗲𝘆 𝗣𝗼𝗶𝗻𝘁𝘀: 📉 Mitigate market and volume risks 📊 Stabilize electricity prices 🌿 Support renewable energy financing 📈 Overcome traditional market limitations Read the full article: https://lnkd.in/ek5tkD8f Stay informed with our newsletter: https://lnkd.in/dTdMp9j #Sustainability #Energy #RenewableEnergy #ElectricityMarket #CPPAs #JeanBaptisteVaujour

In 2023, we released three forward-focused publications centered around planning for a cleaner energy future 🌍 ⚡ - Shaping Our Electricity Future Roadmap Version 1.1 outlines how we can make the grid ready to enable the Government target of 80% of Ireland’s electricity to come from renewable sources by 2030. 👉 Read it here: https://lnkd.in/eiDC2vaV - Tomorrow's Energy Scenarios (TES) outlined our latest thinking on long-term energy scenarios for Ireland and Northern Ireland. These scenarios consider how electricity demand and generation might evolve from 2035 to 2050. The report explains what this could mean for electricity demand, generation, storage and interconnection supported by different technologies. 👉 Read it here: https://lnkd.in/eNNJdM45. The power system will require unprecedented change over the coming years. This will require a fundamental transition for the electricity sector where innovation and research are essential to help realise the benefits of renewable and sustainable energy. Our updated Innovation and Research Strategy is aimed at enhancing our innovation and research capability. Collaboration with our partners has been fundamental in delivering on our current innovation programmes and will be vital as we strive to innovate further with our strategic programmes of work. 👉 Read it here: https://lnkd.in/e-EQK3ay #Publications #FutureFocused

The South African Local Government Association (SALGA) has released a detailed guide on the integration of embedded generation and wheeling in municipal electricity billing systems. Notably featured in this guide is the fruitful collaboration between George Municipality and Open Access Energy, signifying a major progression in South Africa’s energy landscape. #renewableenergy #openaccessenergy #wheeling #electricitywheeling https://lnkd.in/dYpN9vtA

Australia’s Energy System needs 10,000 kms of new trasmission lines The Australian Energy Market Operator (AEMO) has calculated that ten thousands of additional transmission lines are required to support the country’s ambitions to produce all of its electricity with renewable sources by 2050. Imagine more than two times the width of the Australian continent to finally sustain a concrete energy transition, and by far the biggest transformation of the National Electricity Market (NEM) since it was formed 25 years ago. #Webuild Interesting article... https://lnkd.in/dVdAK82d

Briefed the media on Electricity (Amendment) Rules, 2024 today. Also, highlighted major milestones in power and renewable energy sectors. https://lnkd.in/g3ni4Y74

Natural gas is a key pillar in maintaining the reliability of Western Australia's electricity system. As we increase our reliance on renewable energy sources, natural gas steps in to provide essential stability, filling the gaps when solar and wind aren't available. This seamless integration ensures that our energy supply remains constant and reliable, powering homes and businesses without interruption. Natural gas isn't just a source of energy; it's the backbone of energy security as we move towards a greener future. Read more: https://bit.ly/4baXiAd

Market tracking electricity tariffs are become even more beneficial to energy consumers. In 2023 there’s was a x12 increase in the number of periods you would have been paid to consume electricity. 2024 looks to see a similar increas. Visit FlatPeak to find out how your products can take advantage of low cost electricity.

Last week, New York's Public Service Commission approved a plan to add 6GW of energy storage across large-scale, community, commercial, industrial, and residential sectors by 2030. The plan intends to bolster grid reliability and resilience by expanding NY's energy storage programs to cost-effectively unlock growth. Pairing distributed energy solutions like solar with battery storage increases a customer's resiliency to costly power outages and ensures a stable supply of power to keep businesses running. Onyx Renewables is excited to see continued support for renewable energy programs in our home state of NY and believes that clean energy legislation will be a key factor in advancing a more sustainable energy future. Read more about the new framework here: https://lnkd.in/eACCJYiS #SolarPlusStorage #CleanEnergy #SolarPower