Steel giant BlueScope is backing the NSW Government’s ambitious renewable infrastructure plan through a $20 million investment into the development of a Renewable Manufacturing Zone at its Port Kembla site in the Illawarra. The investment seeks to encourage innovation in the renewable sector and work towards the Government’s goal of constructing the state’s Renewable Energy Zones with local materials.
Danish investment firm Copenhagen Infrastructure Partners has given its partnership to Hydrogen Renewables Australia as it looks to develop the 5,000 Mw Murchison Renewable Hydrogen Project near Kalbarri in Western Australia. The project looks to utilise Australia’s best wind and solar resources to produce hydrogen fuel for export to nations such as Japan and Korea.
AustralianSuper, the country’s largest superannuation fund, has followed up from its dumping of shares in Whitehaven Coal with a commitment to a net zero carbon emissions investment portfolio by 2050. The fund, a major global investor, is as yet only a minor investor in the renewable energy sector, but that looks like it will soon change.
As Victorians fly out of lockdown and into the thick of summer the solar industry is preparing for the release of pent-up demand for solar which was hungered for during lockdown but went unsatisfied. pv magazine Australia sat down with AC Solar Warehouse’s Grant Behrendorff to gauge the backlog of installations and talk shop in the approach to a bumper summer.
On Tuesday 13th October 2020 Queensland’s electricity spiked from approximately $25/MWh to $15,000/MWh (the current market price cap) in response to a tripping incident involving the constraint of 11 solar farms and one wind farm. The event is being seen as illustrative of just what needs to be addressed in the design of NEM 2.0.
In an Australian first, newly re-elected Premier of Queensland Annastacia Palaszczuk has established a ministry for hydrogen in her new government. The move comes amidst a raft of recent hydrogen related policies throughout Australia and reinforces the nation’s determination to lead the global race for a hydrogen economy.
Deakin University’s Hydrogen Test Bed is set to position regional Victoria at the cutting edge of hydrogen research. The facility and its research is looking to determine whether Australia’s current gas infrastructure can be repurposed for the use of clean hydrogen.
The South Australian government has followed up the launch of its Hydrogen Export Prospectus last week with a straight drive on the front foot, $37 million in funding for export infrastructure upgrades in support of the a $240 million green hydrogen and green ammonia project which will make South Australia a global leader.
Australian mining and resource technology company TNG Limited has set up a subsidiary, TNG Energy, to run point on the advancement of its green sector ambitions through the use of its high-purity vanadium pentoxide deposit to make vanadium redox flow batteries for off-grid solutions.
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