The Australian government’s green bank has tipped $100 million (USD 66 million) in to help fast track the development of the 850 MW/1,680 MWh Waratah Super Battery Project that is set to play a significant role in the nation’s shift from coal-fired generation to renewables.

New South Wales will be the test bed for the Commonwealth-funded Capacity Investment Scheme with the federal government to underwrite investment that will help deliver almost 1 GW of firmed renewable energy capacity to support the state’s rapidly changing energy market.

With increasing numbers of resources companies turning to renewable energy to cut costs and carbon emissions, independent power producer Pacific Energy has been awarded a contract to deliver a combined 62 MW of wind and solar generation and battery energy storage to help power a gold mine in remote Western Australia.

One of Australia’s largest commercial-scale green hydrogen projects has been given the go ahead with the Australian Gas Infrastructure Group reaching financial close on an estimated $53 million (USD 35.44 million) renewable hydrogen plant to be built at Wodonga in northern Victoria.

BHP is planning to install more than 500 MW additional wind and solar power backed by battery energy storage in Western Australia’s Pilbara region in the next seven years as it looks to slash the use of gas and diesel in its iron ore operations.

Commissioning of one of Australia’s first solar-powered utility scale vanadium flow batteries has commenced with developer Yadlamalka Energy confirming that construction of its $22 million Spencer Energy Project in South Australia is now complete.

Critical energy minerals company Vecco Group has celebrated the official opening of Australia’s first commercial-scale vanadium battery electrolyte manufacturing facility in Townsville by announcing it has secured a contract to provide Energy Queensland with the state’s first grid-scale vanadium flow battery.

A $20 million (USD 13.58 million) early works package for the CopperString transmission project that is forecast to unlock 6 GW of renewable energy resources and connect Queensland’s northwest to the national electricity grid has been awarded to CIMIC Group companies UGL and CPB Contractors.

New South Wales transmission network operator Transgrid plans to spend $16.5 billion (USD 11.22 billion) to grow the state’s power system over the next decade to ensure the “secure operation” of the grid at up to 100% instantaneous renewables.

The Australian government has backed the Clean Energy Finance Corporation to lead the transformation of the nation’s energy grid infrastructure by signing off on a $20.5 billion (USD 13.94 billion) increase in investment capital for the federal government-owned ‘green bank.’