A hydrogen production plant in South Australia would already be profitable, analysis from Cornwall Insight Australia has found.
International developer Frasers Property Group, which owns Australian-based Frasers Property Australia, has secured a $300 million sustainability linked loan with $75 million provided by the Australian government. The loan will see innovative clean energy technologies installed two Australian industrial projects in New South Wales and Victoria.
Province Resources has signed a Memorandum of Understanding with French giant Total Eren, which could see the two companies have equal shares in Province’s HyEnergy Zero Carbon Hydrogen project proposed in northwest Western Australia. Importantly, the ambition of the project seems to have grown significantly with the commitment of heavy hitter, Total Eren, with Province now saying it plans to install 8 GW of renewable energy capacity, far more than the 1 GW which caused a stir when it was announced earlier this year.
Jordanian government officials have met with a delegation from Fortescue Metals Group to discuss investment opportunities in green hydrogen and ammonia, although details of the meeting remain scant.
Greek energy company Mytilineos and its subsidiary Metka EGN continue to put down roots in the Australian market, signing a Power Purchasing Agreement which will allow construction to commence on its 23 MW extension to Wagga Wagga North Solar Farm. The extension comes after the company was fined in January for breaching its Aboriginal Heritage Impact Permit by commencing works without first notifying Heritage NSW, leading to the destruction of Indigenous artefacts.
In a strange synchronicity, two of Australia’s major aspiring vanadium producers have today come out with announcements. TNG Limited has solidified a deal to commercialise vanadium redox flow batteries using output from its Mount Peake project, while competitor Australian Vanadium has filed a patent application for its vanadium processing route.
Gold mining company Wiluna Mining Corp has started its move to renewables, installing a 2 MW battery to replace diesel generators with plans to integrate solar, wind or pumped storage options in the coming years.
Energy giant AGL has signed a memorandum of understanding with Finnish technology company Wärtsilä, to develop large-scale hybrid energy systems for AGL’s commercial and industrial customers.
Green Hydrogen Systems has announced it will partner with Skai Energies on a somewhat mysterious green hydrogen generation project in Australia.
Australia’s only lithium mine outside of Western Australia, Core Lithium’s Finniss Lithium Project, has produced “battery grade” lithium hydroxide, which it hopes will place it at the “forefront” of lithium production for the global renewable energy and EV markets.
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