4 articles collected
A 47% weekly surge in NEM spot prices underscores the grid's growing pains, as new analysis points to a $650 billion global investment wave needed to keep pace with electrification.
Renewable energy penetration within the National Electricity Market reached a record 46.5% in 2024, rising from 15% in 2015. This growth follows a decade of strategic focus on increasing green generation to replace fossil fuel reliance across the Australian grid.
Bellevue Gold’s off-grid mine in Western Australia operated for 155 straight hours using 100% renewable energy, allowing thermal generators to be completely deactivated. This milestone demonstrates the technical feasibility of high-penetration wind, solar, and battery integration for remote industrial sites.
Swedish commercial vehicle manufacturer Scania says it will supply 91 battery electric buses to a local transport operator, in its largest order to date.
Rystad Energy reports global power grid capital expenditure is expected to exceed $650 billion by 2026, driven by critical infrastructure needs. Current transformer production capacity has reached 4,700 gigavolt-amperes (GVA) across more than 260 manufacturers and 400 facilities worldwide.
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