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LG solar battery recall expanded, NSW reports battery fire spike

The ACCC, Australia’s consumer watchdog, has begun contacting almost 5,000 households as part of an updated recall on LG solar batteries prone to overheat and catch fire, with the watchdog noting the dangerous products may fall under various brand names. The news comes as NSW Fire and Rescue reported a massive spike in battery fires for 2022.

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Does Australia have the stomach to become a critical minerals superpower?

With the US offering tremendous capital to “friendshore” its renewable supply chains, the cofounder of a major renewables investor, David Scaysbrook, says President Biden’s Inflation Reduction Act could turn Australia into a critical mineral and rare earth powerhouse. “The question is, do we have the stomach for that?” Scaysbrook asks. For Tim Buckley, director of Climate Energy Finance, it’s a matter of the government taking a whole system approach and going early.

ReNu completes capital raise to progress Australian, Indonesian green hydrogen projects

Queensland-based ReNu Energy has announced “firm commitments” for a capital raising of $4.5 million (USD 3 million) which it says will progress its green hydrogen projects in both Brighton and Launceston in Tasmania, as well as in Indonesia’s Riau Archipelago.

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Feds give CEFC $500m funding boost for renewable tech commercialisation

The Clean Energy Finance Corporation, effectively the federal government’s green bank, has been allocated a further $500 million (USD 332 million) to invest in the commercialisation of renewable energy, energy efficiency and other technology innovations.

Alliance forms to push Australia toward Renewable Energy Storage Target

Calls for the Albanese government to adopt a Renewable Energy Storage Target are growing, with an alliance of organisations visiting Australia’s Parliament to lobby for the move.

Photon selects NSW for first solar + battery project acquisition, intended as European ‘prototype’

Dutch company Photon Energy Group has acquired its first utility scale solar and battery project, opting for a venture 500 kilometres northwest of Sydney which it says will become a “prototype” for its European portfolio.

New US policy ‘devastating’ for Australia’s green hydrogen ambitions, says investment manager

Cofounder of Quinbrook Infrastructure Partners, David Scaysbrook, says the US Inflation Reduction Act can make Australia a green energy superpower – but not in the way we expect. The policy will fundamentally undercut Australia’s competitiveness exporting green hydrogen, but offers giant opportunities for critical materials. Scaysbrook also expects Australia’s 2023 to be lean in terms of renewable investment, especially when it comes to “vanilla” projects.

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Ross Garnaut thinks Australia can become a low-carbon superpower; Clive Hamilton is not convinced

Economist Ross Garnaut’s latest book, the Superpower Transformation, is promoted as a “practical plan” to put the vision of in his earlier Superpower into effect. Clive Hamilton, Professor of Public Ethics at Charles Sturt University, questions if the vision is premised on an imperfect logic.

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Tender for group PPA goes out in Sydney

The Northern Beaches Council in Sydney is seeking expressions of interest from organisations able to set and and run a group Power Purchase Agreement (PPA), for its local businesses. The aim is to aggregate local businesses to collectively scale up their PPA buying power and cut time, complexity and associated costs.

Energy Estate looks to cavern storage for Hunter Hydrogen Network

Developer Energy Estate has signed a deal with Abergeldie Complex Infrastructure, which has designed vertical manmade caverns for hydrogen storage. Energy Estate co-founder Simon Currie says the partnership is about shoring up projects like its proposed 1.6 GW Hunter Hydrogen Network.

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