Australian technology billionaire Mike Cannon-Brookes has become the single largest shareholder in AGL after Grok Ventures, the private investment company he owns with wife Annie, bought an 11.28% stake in the public company last night. The move appears to progress the billionaire’s plan to use the free market to force the decarbonisation of Australia’s biggest emitter from the inside out. In other words, the world’s largest single decarbonisation project is back on.

Global solar supply chain issues and the Chinese energy crisis which hit in the second half of last year have, ironically, led to a “massive” oversupply of solar panels in Australia, according to major distributors. The tension between increased global panel costs and the glut of them within Australia has led to some messy pricing and strange market dynamics on the ground.

Global investment manager Igneo Infrastructure Partners will acquire Elliot Green Power, along with its solar and storage portfolio, via its Australian business, Atmos Renewables.

Developer Renewable Energy Partners has announced plans for a 180 MW solar PV project, possibly with a battery storage system, in the Western Downs region of Queensland.

The amount of solar installers offering storage solutions grew considerably in 2021 and promises to surge again this year, according to an annual survey by EUPD Research. The research centre has also released the top three 2021 brands for solar modules, inverters and storage in the Australian market, offering insights into where companies are buying equipment and which segments are seeing the most growth.

The town of Walpole on Western Australia’s southernmost tip will soon be powered by a pumped-hydro microgrid, a first for the state which is already renowned for its rollout of microgrids and distributed renewable solutions.

Commercially printed solar cell technology developed by the University of Newcastle is being put to the test to power an electric vehicle’s 15,097 kilometre journey around the entire coastline of Australia.

In the second piece of rare earths news this month, construction has begun on Lynas Rare Earths’ new processing facility in Kalgoorlie. The refined products are used in batteries and other renewable technology, with Lynas moving the processing it currently does in Malaysia onshore for the first time.

Compared to fossil fuels, the renewable industries’ lobbying is weak and the sector does not advocate for itself with enough force, Independent MP Zali Steggall said yesterday.

Over 90% of Australia’s fuel is imported – something recent geopolitical events have illustrated is a serious vulnerability. This issue was the focus of an emergency fuel security summit held yesterday in Sydney. The event was attended by a number of industry leaders and independent members and candidates who put forward solutions to tackle the devolving situation.