A global race is underway to capture the manufacturing market for clean energy technologies. While lady lucky has certainly shone on Australia, competition is fierce, experts say.
Maxeon Solar Technologies, the producer of the Maxeon and SunPower solar module brands, is raising capital from a USD 157.4 million ($237 million) underwriting of shares and a separate USD 42 million ($63 million) private placement with TCL Zhonghuan.
India could become the world’s second-largest solar manufacturer by 2026. It will also have a notable presence in all upstream components of PV production, such as cells, ingots/wafers, and polysilicon, according to a new report.
Australia’s federal parliament has approved a $15 billion (USD 10 billion) National Reconstruction Fund, intended to reverse the nation’s dwindling manufacturing sector. It is the “first step” in Prime Minister Anthony Albanese’s election promise “to revive our ability to make world-class products”.
The Australian government’s plan to establish a $15 billion (USD 10 billion) national reconstruction fund to support domestic manufacturing in future industries and reduce the nation’s dependence on imports has become a reality with the investment vehicle rubber stamped by both houses of parliament.
The Solar Energy Industries Association’s (SEIA) latest white paper on solar and storage manufacturing includes an interactive map. It shows that momentum has started to build for a transformational expansion of domestic solar and storage manufacturing.
Australian resources developer Vecco Group has secured state government backing to build a $26 million (USD 17 million) vanadium electrolyte manufacturing facility in the north Queensland city of Townsville with production set to be used in grid-scale vanadium flow battery projects.
From polysilicon to panels through recycling, how much domestic capacity does the US have?
Allegro Energy, an Australian startup seeking to commercialise research into microemulsions to make non-toxic electrolytes that are cheaper “by factor of 100,” has commissioned a pilot-scale manufacturing line for supercapacitors in Newcastle, NSW.
Australian clean tech company Graphene Manufacturing Group plans to scale up the development of its battery energy storage technology that it claims charges 70 times faster than a lithium-ion battery and has three times more battery life.
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