Recent funding from Bill Gates and Australian investments in Net-Zero

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The global goal of decarbonization is stronger than ever, and as more households and businesses embrace solar power, emerging technologies to make solar power more viable for the world continue to grow. develop.

A good example of this is Bill Gates’ Breakthrough Energy Venture’s recent Series B funding which will help automate the development, construction and operation of large-scale solar power plants.

Funding was awarded to Terabase Energya solar technology company that has built the first-ever all-digital platform capable of managing the solar power lifecycle at scale.

Terabase’s cloud-based software with automation eliminates manual lifting of steel and panels that contribute to the safety and health of workers who operate in harsh conditions.

Breakthrough Energy Sees Huge Potential in Terabase’s Solution to Reduce Costs and Boost Large-Scale Solar Power Deployment; hence the grant funding.

This recent funding only shows the significant investments made in solar technology.

Terabase also recently completed its first commercial deployment of robots to install solar panels for a 400 megawatt project in central Texas, where robots installed ten megawatts. It’s a big step into the future.

Automation for solar power plants

Solar system automation has been around for a while and new technologies are being used to provide better processes.

Indeed, automation is booming today. Last year, building energy and Octopus Group deployed Fluency’s artificial intelligence-powered trading platform to optimize trading of the 333 MW Darlington Point solar farm located in NSW.

It is the largest solar farm connection to the National Electricity Market (NEM), with approximately 1,000,000 solar modules spread over 1,000 hectares and output capable of powering approximately 115,000 Australian homes.

The AI ​​platform helps maximize power generation under favorable market conditions and responds to market signals to avoid oversupply and negative prices.

Earlier this year, 5B’s $33.4 million project was announced to help automate the manufacturing and deployment of the pre-engineered Maverick, reducing solar technology costs and speeding up installation times.

ARENA will support 5B in the design and help implement a high volume, scalable and automated manufacturing line in NSW. The government funding will also be used to develop the GPS Guided Deployment (GGD) field robotic system to automate the deployment of solar photovoltaic cells.

The Maverick was launched in 2017 and has been used in 52 projects with a total capacity of 32 MW around the world.

It enables rapid on-site plug-and-play deployment using slightly east- and west-tilted photovoltaic solar cells. This allows the maximum ground coverage to capture more sunlight than traditional single-axis tracking or fixed-tilt solar PV.

Solutions like this will help maximize income and increase returns for investors, as they can reduce price volatility and ease stress.

If you are considering going solar, now is the time!

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Emerging solar technologies in Australia

Other emerging technologies are also being developed and deployed to accelerate net zero in Australia.

In fact, Australia’s leading oil and gas producer Woodside Petroleum has also secured funding from Heliogen, another Bill Gates-backed company, for a large-scale trial of its Concentrated Solar Power (CSP) technology ahead of a expected push into Australia in 2021. Woodside has also taken a stake in Heliogen.

Heliogen uses mirrors to concentrate solar energy from a large area, which produces intense heat for industrial processes or power generation.

Woodside will fund Heliogen’s first full-scale 5-megawatt module in the Mojave Desert, while the US government will contribute $39 million to cover the undisclosed cost.

Once the first demonstration in California is complete, Heliogen will move into Australia with the intention of using CSP for its own operations and producing hydrogen for export. It could also market the modules to Australian mining companies and other remote energy users.

Apart from that, Australian researchers from the University of New South Wales (UNSW) made a significant breakthrough in nighttime solar technology in May.

The technology works by using a thermal-radiative dose, which is a semiconductor found in existing technologies, which works like night vision goggles, to capture photons leaving the planet alone in the infrared spectrum and convert them into electricity.

The technology has allowed researchers to generate electricity at night. As Australia is one of the world’s largest adopters of rooftop solar, this new nighttime solar technology may be useful; however, it is still in its early stages.

solar power today

It is true that solar energy is the cleanest renewable energy source available to us today. And with the help of various solar technologies, they can harness solar energy for various uses. Yet many challenges remain before solar power can fully replace fossil fuels for electricity generation. In addition, solar electrification poses unexpected challenges.

One of the biggest challenges is the levelized cost of solar energy, which is the cost of electricity produced by solar energy over a specific time period. It is the capital cost of solar power plants that is high, but there are also ongoing maintenance costs that need to be considered.

With these new technologies and even Gates’ recent funding for new solar technology, it’s a step towards making solar the primary source of energy worldwide in the future.

Get a quick solar quote, or contact us today toll free on 1800 EMATTERS or email our friendly team for expert no obligation advice!

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