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.
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.
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.
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.
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.
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.
Australia has paid just 38% of its “fair share” towards the internationally agreed climate finance target. The revelation speaks to the issue of fairness – a key topic at COP27, currently underway in Egypt. But Australia’s premier renewable energy event offered little hope that questions of equity and deep sustainability are being considered here, even by the architects of our own transition.
ARENA has awarded global technology company Calix $947,035 (USD 612,509) to help fund an eleven-month study into the feasibility of deploying the company’s proprietary Zero Emissions Steel Technology (ZESTY) at a demonstration plant – something both Calix and ARENA are touting as a pathway to green steel manufacturing using hydrogen in Australia.
Australian green hydrogen developer Fortescue Future Industries and Italian gas and electricity giant Enel are set to partner on making green hydrogen cost-competitive with fossil fuel alternatives this decade.
French renewables developer Neoen has credited the Victorian Big Battery with almost tripling its storage revenues in the first nine months of 2022. To September, the company’s revenues totalled $547 million (USD 347.4 million), with growth in solar and wind revenues paling beside the massive surge from battery storage.
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