Australian energy major AGL has rejected a second buyout offer from a consortium including software billionaire Mike Cannon-Brookes and Canada’s Brookfield Asset Management, saying it continued to undervalue the power producer.

Researchers from Australia’s Monash University have created a new generation of lithium-sulfur batteries that they say provides a cheaper, cleaner and faster-charging energy storage solution that outlasts lithium-ion alternatives and is rechargeable hundreds of times without failing.

Emerging Western Australian renewable energy project developer Frontier Energy is pushing ahead with “significantly advanced” plans to develop a large-scale solar PV farm in the state’s southwest after the successful completion of an $8 million capital raising.

With the global demand for lithium accelerating, Australian miner Core Lithium has inked a deal to supply United States-based electric vehicle and battery maker Tesla with up to 110,000 tonnes of lithium spodumene concentrate.

Australian-based mining giant Fortescue has commenced the development of an electric train that recharges itself using gravity after the resources company this week settled its $310 million purchase of UK-based technology and engineering services business Williams Advanced Engineering.

With the owners of Australia’s coal-fired generator fleet fast tracking the closure of the ageing infrastructure, the New South Wales government has unveiled a new corridor for transmission lines that could help it almost quadruple the size of the planned Central-West Orana Renewable Energy Zone.

United States independent power producer BrightNight has announced its formal entry into the Australian energy market, saying the company’s solutions could play a critical role in the nation’s continued journey towards a renewable energy future.

The merits of pre-assembled and modular solar solutions have been showcased by independent power provider Nomadic Energy which this week revealed it had taken less than 21 days to complete a 2MW install at Northern Star Resources’ Carosue Dam gold mining operation near Kalgoorlie in Western Australia.

The South Australian industrial city of Whyalla has been revealed as the preferred location for a $593 million green hydrogen project that the state opposition plans to build if it wins this month’s state election.

Construction is set to commence immediately on the first stage of a 1.2GW hybrid wind, solar and battery energy storage project in Central Queensland following Australian iron ore magnate Andrew Forrest’s announcement that he has invested $3 billion in the ‘shovel ready’ development.