Western Australian company Australian Vanadium Limited (AVL) seems to be fairly delayed in realising its vanadium mine and processing plant vision in Western Australia. Nonetheless, the company has signed a new option agreement to purchase land for its processing plant near Geraldton.

Philippines-based AC Energy Corporation (ACEN) has confirmed plans to up its investment in Australia over the next three years to $6 billion (USD 3.86 billion). The company has been highly active in the Australian market this year, and with its increased investment is seeking to bring a further 3 GW of new renewable capacity online.

Western Australia-based company Carnegie Clean Energy has won a $6.3 million (USD 4 million) contract to deliver and operate a ~400 kW version of its wave energy converter off the Spanish coast by 2025.

1Komma5°, a German startup aggressively expanding in Australia, has now begun taking Australian orders for its own line of “ethical, low carbon” solar panels.

The board of Australian lithium developer Liontown Resources has backed a refreshed $6.6 billion (USD 4.3 billion) bid from US company Albemarle Corp., the world’s largest lithium producer. Since then, Liontown has seen a massive spike in trading, with speculation about it being linked to Australia’s richest person.

SunCable’s sale to Mike Cannon-Brookes’ Grok Ventures has today been completed, with the company flagging new project elements, including a subsea cable manufacturing and testing facility, as well as reiterating its vision of delivering bulk energy to Singapore via undersea cables.

New South Wales has increased its coal royalty scheme for the first time since 2009 in a move that is expected to boost the state’s budget by more than $2.7 billion (USD 1.72b) from 2024 to 2028.

Industrial property giant ESR has signed a partnership deal with C&I solar company Solar Bay. The pair say it will see $500 million (USD 318 million) spent over the next decade to deliver up to 50 MW of solar, 300 MW of battery storage capacity and EV charging infrastructure.

Victorian company Proa says it has found a software-driven solution to the grid connection rules which have crippled solar projects in the Northern Territory. Requiring only a fractional amount of battery storage, the solution “replaces lithium with smarts” and effectively enables solar to be “scheduled,” Managing Director Victor Depoorter tells pv magazine Australia.

Joe Biden’s surreptitiously-named Inflation Reduction Act has been described as the world’s biggest piece of climate change legislation, as big in its impact as the Paris Climate Change Agreement. Scott Hamilton and Joanna Kay argue Australia must act now to keep capital and talent onshore.