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Get a quoteCanberra-based renewable energy company EPC Solar has made its first foray overseas, launching into Fiji where it says it has a pipeline of
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Get a quoteFiji Airports has solidified its position as a leader in the region''s green mobility initiative by becoming the largest owner of electric vehicles (EVs) in the Pacific.
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Indigenous-owned EPC Solar said the projects are part of a pipeline of more than 40 potential installation sites in Fiji which is targeting 100% renewable energy by 2036. The company also plans to expand its operations into New Zealand and then other Pacific nations – islands it says will bear the brunt of climate change and rising sea levels.
Fiji has set clear targets for EV adoption. Efforts are underway to develop a policy roadmap to achieve these targets. However, there is a need to update existing legislation/regulations to better EVs and address integration challenges. Effective government policies are critical for successful integration of EVs into the market.
The global industrial and commercial energy storage market is experiencing unprecedented growth, with demand increasing by over 350% in the past three years. Energy storage cabinets and lithium battery solutions now account for approximately 40% of all new commercial energy installations worldwide. North America leads with a 38% market share, driven by corporate sustainability goals and federal investment tax credits that reduce total system costs by 25-30%. Europe follows with a 32% market share, where standardized energy storage cabinet designs have cut installation timelines by 55% compared to custom solutions. Asia-Pacific represents the fastest-growing region at a 45% CAGR, with manufacturing innovations reducing system prices by 18% annually. Emerging markets are adopting commercial energy storage for peak shaving and energy cost reduction, with typical payback periods of 3-5 years. Modern industrial installations now feature integrated systems with 50kWh to multi-megawatt capacity at costs below $450/kWh for complete energy solutions.
Technological advancements are dramatically improving energy storage cabinet and lithium battery performance while reducing costs for commercial applications. Next-generation battery management systems maintain optimal performance with 45% less energy loss, extending battery lifespan to 18+ years. Standardized plug-and-play designs have reduced installation costs from $900/kW to $500/kW since 2022. Smart integration features now allow industrial systems to operate as virtual power plants, increasing business savings by 35% through time-of-use optimization and grid services. Safety innovations including multi-stage protection and thermal management systems have reduced insurance premiums by 25% for commercial storage installations. New modular designs enable capacity expansion through simple battery additions at just $400/kWh for incremental storage. These innovations have significantly improved ROI, with commercial projects typically achieving payback in 4-6 years depending on local electricity rates and incentive programs. Recent pricing trends show standard industrial systems (50-100kWh) starting at $22,000 and premium systems (200-500kWh) from $90,000, with flexible financing options available for businesses.