Origin Energy has begun generating revenue from the initial stage of the Supernode and the Eraring Stage 1 battery storage projects, located in Queensland and New South Wales, Australia.

Tesla has now published its 4th quarter and full-year financial details and various updates on vehicle models, robots, factories, and its energy business. Steve Hanley is going to cover some of the vehicle and robot news, so I’m jumping into the finances. One of the big headline stories is that ... [continued]

The post Tesla’s First Ever Annual Revenue Drop Is Not The Concerning Part appeared first on CleanTechnica.

Tesla has now published its 4th quarter and full-year financial details and various updates on vehicle models, robots, factories, and its energy business. Steve Hanley is going to cover some of the vehicle and robot news, so I’m jumping into the finances. One of the big headline stories is that ... [continued]

The post Tesla’s First Ever Annual Revenue Drop Is Not The Concerning Part appeared first on CleanTechnica.

Summary:

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### **1. PARTIES PRESENT**
– **Representative of DTL (Petitioner):** Mr. Deepak Soni, DGM (C&RA) Division.

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### **2. KEY SUBMISSIONS BY DTL**
1. **Accounts for FY 2022-23** will be filed with the Commission **within 7 days**.
2. Due to **administrative reasons**, the accounts will be submitted **provisionally**—without an audited report.
3. The accounts will be **signed and authenticated by the General Manager (Finance) of DTL**, under the authority of the Managing Director.
4. **Ratification/authorization** by the Board of Directors of the Managing Director’s approval will be placed on record **in due course**.

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### **3. COMMISSION’S DIRECTIONS & OBSERVATIONS**
1. The **True-up Petition** will be considered based on the **approval/authentication by the General Manager (Finance)** of DTL.
2. However, the **True-up Order will remain provisional** until audited accounts are submitted.
3. Once DTL submits the **audited accounts**, the True-up will be **revisited for finalization**.
4. DTL officers will provide **additional details and clarifications** as required by the Commission.
5. **Order is reserved** (to be issued later).

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### **4. NEXT STEPS & IMPLICATIONS**
– DTL must submit provisional FY 2022-23 accounts within **7 days**.
– The True-up process will proceed on a **provisional basis** pending final audited accounts.
– DTL must later submit **audited accounts** and **Board ratification** for final True-up determination.
– The Commission retains the right to seek further clarifications.

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For more information please see below link:

Sahand Karimi and Henry Swisher of OptiGrid examine the two primary metrics used to evaluate the performance of battery storage trading: normalised revenue and percentage of perfect capture rate.

Aurora Energy Research has released its latest battery storage performance data, showing mixed revenue for storage across Australia's NEM.