Singapore-based vanadium redox flow battery maker VFlowTech has raised $14.4 million (USD 10 million) as part of a Series A funding round. It will use the capital to set up a 200 MWh vanadium flow battery factory for the production of its 250 kWh product.
The prestigious Queen Elizabeth Prize for Engineering has this year been awarded to the University of New South Wales’ Professor Martin Green, Dr Aihua Wang and Dr Jianhua Zhao, as well as the Australian National University’s Professor Andrew Blakers, for their research work and development of PERC solar technology.
Large-scale wind and solar farm investment commitments grew nearly 50% in 2022, according to new data published by the Clean Energy Regulator.
A research team at the Australian National University have claimed an efficiency of 30.3% for a tandem solar cell made by mechanically stacking a perovskite cell and a silicon cell. The achievement meets the first of three 2030 “stretch goals” set by the Australian government.
Solar and storage analyst Sunwiz is predicting an inversion of many of the trends that dominated the industry in 2022. While rooftop solar has bounced back after a disappointing year, Sunwiz founder Warwick Johnston tells pv magazine Australia, the utility segment’s position looks dire.
New Zealand government-owned Genesis Energy and renewables partner FRV Australia have purchased an advanced 52 MW agrivoltaic solar project on New Zealand’s South Island. If the project meets its 2024 operational target as anticipated, it will be the country’s first utility-scale solar farm.
Malaysian oil giant Petronas is reportedly set to buy the Australian renewable assets of German developer Wirsol. With roughly 750 MW of solar and storage projects and nearly double that in development, the deal could be worth between $900 million (USD 625 million) to $1 billion, according to Reuters.
Japan’s largest oil company, Eneos, has opened a green hydrogen demonstration plant at Bulwer Island in Brisbane. While the scale of the project is relatively small, producing just 20 kilograms of green hydrogen a day, Eneos Senior Vice President Yuichiro Fujiyama says the company will expand the project’s scale “in near future.”
CleanPeak Energy, who have until now specialised in the C&I segment, have acquired the 13 MW Mugga Lane Solar Park in Canberra. CleanPeak reportedly bought the solar farm for between $30 million (USD 21 million) and $40 million, after it was placed into voluntary administration following a loan dispute.
A Victorian-based startup which claims to have developed a hydrogen enhancement kit that injects hydrogen into existing diesel engines to reduce diesel use, has begun the production of 10 commercial-ready systems. It will do field testing with the systems on sites of potential customers.
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