{"id":76419,"date":"2023-03-09T02:00:28","date_gmt":"2023-03-09T02:00:28","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/03\/09\/australia-is-going-bananas-over-bess-in-its-shift-away-from-coal\/"},"modified":"2023-03-09T02:00:28","modified_gmt":"2023-03-09T02:00:28","slug":"australia-is-going-bananas-over-bess-in-its-shift-away-from-coal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/03\/09\/australia-is-going-bananas-over-bess-in-its-shift-away-from-coal\/","title":{"rendered":"Australia is going bananas over BESS in its shift away from coal"},"content":{"rendered":"<p><strong>A battery craze is all over Australia:<\/strong> A transition from coal-fired power in Australia to cleaner alternatives is causing a boom in battery energy storage system (BESS) projects to store renewable energy, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-07\/end-of-coal-power-in-australia-means-a-boom-for-battery-makers-like-tesla#xj4y7vzkg\">Bloomberg<\/a> reports. Australia has at least 250 battery projects in the pipeline with a capacity of c. 130 GWh, coming next after battery-manufacturer dominant China, according to BloombergNEF data. Australia will need to pour in some USD 43 bn to build battery storage plants until 2050, with the funds part of a wide clean energy expansion plan that costs some USD 160 bn, the business information service adds.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Brazil\u2019s Petrobras <\/strong>is eyeing <strong>renewables investments <\/strong>including <strong>seven <\/strong><strong>offshore wind projects<\/strong> yielding up to<strong> 14.5 GW <\/strong>with <strong>Norway\u2019s Equinor.<\/strong> (<a href=\"https:\/\/www.reuters.com\/business\/energy\/ceraweek-brazils-petrobras-pursue-more-green-energy-tie-ups-ceo-2023-03-07\/\">Reuters<\/a>) <\/li>\n<li><strong>Brazilian renewables company <\/strong><strong><a href=\"https:\/\/en.omegaenergia.com.br\/\">Omega Energia<\/a><\/strong> will enter the US market with its <strong>265.5 MW wind farm in Texas<\/strong>. The company plans to contribute to the US\u2019s projected <strong>300 GW renewables growth <\/strong>within the coming decade. (<a href=\"https:\/\/www.reuters.com\/business\/energy\/brazil-power-producer-omega-eyes-us-renewables-market-ahead-texas-launch-2023-03-07\/\">Reuters<\/a>)<\/li>\n<li><strong>Malaysian companies <\/strong>will be able to<strong> calculate the impact of their carbon <\/strong><strong>emissions<\/strong> starting next month, under a <strong>new centralized reporting system <\/strong>developed by Bursa Malaysia and the London Stock Exchange. The platform will also help unlisted SMEs track their ESG data. (<a href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/bursa-malaysia-lse-group-start-sustainability-reporting-platform-april-pm-2023-03-08\/\">Reuters<\/a>)<\/li>\n<li><strong>Germany <\/strong>plans to build <strong>new gas-fired facilities<\/strong> fit to be powered by <strong>hydrogen <\/strong><strong>\u201cin the future\u201d <\/strong>in a bid to decarbonize while securing its energy supply, Chancellor Olaf Scholz says. The new facilities will have a production capacity between 17 to 21 GW. (<a href=\"https:\/\/www.reuters.com\/article\/germany-energy-idAFS8N35A0EI\">Reuters<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A battery craze is all over Australia: A transition from coal-fired power in Australia to cleaner alternatives is causing a boom in battery energy storage system (BESS) projects to store renewable energy, Bloomberg reports. Australia has at least 250 battery projects in the pipeline with a capacity of c. 130 GWh, coming next after battery-manufacturer [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":76420,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[71],"tags":[70,327,11,173,88],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-australia","tag-enterpriseclimate","tag-eu","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"58347ffc-8567-43ab-b915-7d929c8ab397","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/3\/779.jpg","photo_position":"above","related_issue":[76401],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Australia is going bananas over BESS in its shift away from coal - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/09\/australia-is-going-bananas-over-bess-in-its-shift-away-from-coal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia is going bananas over BESS in its shift away from coal\" \/>\n<meta property=\"og:description\" content=\"A battery craze is all over Australia: A transition from coal-fired power in Australia to cleaner alternatives is causing a boom in battery energy storage system (BESS) projects to store renewable energy, Bloomberg reports. 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