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AEMC proposes raising price caps to ensure market reliability over energy transition

The Australian Energy Market Commission (AEMC) has proposed increasing price caps on the country’s main electricity market. This is meant to allow investors to respond to fill gaps created by ageing coal generation.

Fortescue moves forward with hydrogen project in Prince George

Fortescue Future Industries (FFI), owned by mining giant Fortescue Metals, has submitted a proposal for a green hydrogen and ammonia production facility project in Canada’s British Columbia. Dubbed ‘Project Coyote’ the facility would be located in the city of Prince George in the centre of the Canadian province.


Substantial increase in solar fires caused by DC isolators recorded in state data

Data shows a sharp increase in the number of fires caused by the DC isolators that separate the grid from solar panels. ABC News gathered state-by-state data revealing a dramatic increase in fire incidents in the last 12 months. 


1 GW North Queensland hydrogen project gains a new international partner

Japanese company IHI Corporation, which specialises in green ammonia technology to decarbonise industry, has joined the consortium of companies developing the green hydrogen hub HyNQ – North Queensland Clean Energy Project.

Report exposes Australia’s biggest fossil fuel subsidy and how mining industry could be better served

A new report by Climate Energy Finance has revealed Australia’s diesel Fuel Tax Credit Scheme disincentivises growth in future industries and will cost taxpayers $37 billion (USD 23.8b) in lost tax revenue by 2030. The report also illustrates how capping these rebates represents a multifaceted advantage for Australian manufacturing of low and zero-emission mining vehicles.


Zen Energy garners $54m in fresh debt funding

The $54 million (USD 34m) raise for Zen Energy, managed by Western Australian Property developer Hesperia and ASX-listed Income Asset Management, is the first tranche of around $150 million that Zen Energy is aiming to raise for its pipeline of projects.

Engineer report finds investment, not technology, is hamstringing Australia’s decarbonisation

A short report explaining upcoming challenges and solutions to electricity security has been published by the Australian Academy of Technology Sciences and Engineering (ATSE). The report calls for more investment to meet government targets and to keep consumer prices down.

Photon approaches FID with RayGen plant in South Australia

Dutch company Photon Energy is developing a project with 200 MW of solar coupled with 115 MW and up to 24 hours of thermal storage in Yadnarie using RayGen technology. Photon Energy hopes to reach a final investment decision (FID) on the Yadnarie project on South Australia’s Eyre Peninsula by about the middle of next year. 

Federal government unveils first community battery, district not selected on merit

The first of 400 planned community batteries has now come online in the Sydney district of Reid as per a promise Labor made while in opposition. The 412 kWh battery is sorting power from 50 households with rooftop solar and sharing electricity with approximately 150 households.

WA wave energy company wins $6.3 million contract for Spanish coast

Western Australia-based company Carnegie Clean Energy has won a $6.3 million (USD 4 million) contract to deliver and operate a ~400 kW version of its wave energy converter off the Spanish coast by 2025.

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