Triple whammy lands on Aussie coal

Via the AFR:

Solar battery farm developer Lyon Group is joining forces with JERA – a joint venture of the giant Japanese power utilities Tokyo Electric Power and Chubu Electric Power – and Siemens and AES Company’s Fluence partnership in a blockbuster alliance that aims to step up the rollout of grid batteries in the Asia Pacific.

…It marks a step change from grid-scale batteries being seen as a niche solution to a local system stability problem – like the 100 megawatt Tesla battery at Neoen Australia’s Hornsdale wind farm in South Australia – to being a mainstream resource in power networks everywhere as battery prices plunge and pressure to shed coal generation intensifies.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.