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19 February 2026
ABC News
How a single cloud can make fortunes in Australia's electricity market
Demand for energy in NSW initially appeared to follow a standard “duck curve” profile, dropping through the morning as rooftop solar panels generated electricity for households, which meant they needed to import less from the grid.
Most days, demand would only shoot up in the late afternoon, peaking in the late evening.
23 December 2025
Ecogeneration
Weather forecasts costing Australian solar millions
Inaccurate weather forecasting is quietly draining more than $100 million a year from Australia’s solar sector, according to a new report from climate technology startup Solstice AI. As solar generation becomes a dominant force in the National Electricity Market, the report warns that poor understanding of cloud behaviour is creating unnecessary financial losses for solar farms, rooftop systems, virtual power plants (VPPs) and energy traders alike.
12 December 2025
PV Magazine
Bad weather forecasts cost Australian solar energy sector $100 million: report
Melbourne-headquartered solar energy forecasting company Solstice AI research shows a 10% improvement in weather / solar forecasting accuracy would generate an extra $38 million (USD 25 million) per year in profit for utility solar, and worldwide, $9.5 billion.
11 December 2025
The Energy
Poor solar forecasting costs Australia hundreds of millions of dollars
Sydney residents tuned in to the weather forecast and were told to expect a scorching day with clear and sunny skies. However, at 11am, with the temperature peaking at 37°C, suddenly the skies turned black and rain pelted the city. The cost of electricity in NSW soared and plummeted at record speed. Normally it hovers around AU$70-$80/MWh, but on this day, it hit the market cap of AU$20,300 for four market intervals in a row, before crashing to the market price floor of negative AU$1,000 less than an hour later – a new record for the most volatile energy market day ever.
11 June 2025
Arena Wire
Solar ScaleUp Challenge: Bright ideas for a brighter future
In 2024, the Australian Renewable Energy Agency (ARENA) launched the Solar ScaleUp Challenge in collaboration with Greenhouse Tech. The $100 million initiative set out to supercharge innovation and crowdsource ideas from around the world on how to reduce the cost of large-scale solar.
24 August 2022
PV Magazine
Artificial intelligence model to forecast entire region’s solar output using real-time satellite data
Combining satellite images of Australian rooftops with those of real-time cloud cover to create accurate forecasts of distributed solar output for suburbs and perhaps even whole regions and states is the focus of a new Australian startup, Solstice AI.