A West Australian joint venture seeking to recover high-purity vanadium from a steel industry waste product using a carbon negative process has won the support of the European Union. “We’re not the first people to look at that project, but we’re the first people to look at it through a different lens and use this type of process,” Neometals’ General Manager of Commercial and Investor Relations, Jeremy McManus, told pv magazine Australia. The project, which is still in the early stages, is already been sought out by potential offtakers “desperate to secure green vanadium,” McManus added.
The deal between Fortescue Future Industries and E.ON, one of Europe’s largest energy network operators, will see the Australian company deliver five million tonnes of green hydrogen to Germany, the Netherlands and other European cities by 2030. “For us, it’s a minimum $50 billion expenditure. And that is one I welcome,” Fortescue founder Andrew Forrest said at press conference in Berlin overnight.
Australian fossil fuels giant Woodside will invest in US-based concentrated solar startup Heliogen, supporting its construction of a full-scale concentrated solar thermal demonstration plant in California ahead of a push into Australia.
A standing committee has blocked federal energy minister Angus Taylor’s longstanding attempts to allow ARENA to fund fossil fuel projects, finding it illegal. The ruling came on the same day new analysis found the Morrison government’s fossil fuel subsidies increased 12% in FY22, costing taxpayers a total of $10.5 billion.
Traditionally one of the slower states to move away from fossil fuels, New South Wales is rapidly turning the tables – and the market is responding enthusiastically. The state government yesterday revealed it had received more than $4 billion worth of investment interest for its Hunter and Illawarra hydrogen hubs.
Western Australian company Global Energy Ventures has had several permissions granted for its 2.8GW green hydrogen export project on the Tiwi Islands, off the coast of the Northern Territory, including potentially increasing the acreage for its proposed solar farm.
This week has been disastrous for Australia’s carbon market, with cascading criticisms of the federal government’s Emissions Reduction Fund coming to light, including the former chair of its integrity commission labelling it an “environmental and taxpayer fraud” and its own participants publishing an open letter to the minister saying its changes are jeopardising Australia’s pathway to net zero.
The extensive power outages experienced in Western Australia last Christmas were a result of extreme weather rather than human failure, an independent review has found. The report’s author, AEMC’s Michelle Shepherd, notes such instances will likely become increasingly frequent with climate change.
Renewables developer FRV Australia has announced its 90MW (AC) Sebastopol Solar Farm located in grid-challenged south of New South Wales is now operating at 100% of its capacity.
Nextracker has today launched its new terrain-following, single-axis tracker built specifically for projects on sloped, uneven, and challenging sites. Nextracker believes its new NX Horizon-XTR line will be market-shaping, especially in countries like Australia where opposition to land disturbances of utility-scale solar is growing.
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