Queensland-based designer and manufacturer of lithium-ion battery energy storage systems RedEarth Energy Storage plans to expand its product range and increase manufacturing capacity after raising $12 million in a pre-initial public offering funding round led by Ord Minnett Private Opportunities.
With technological progress, falling costs, and favourable subsidies all incentivising Australian households to replace serviceable modules and upgrade their rooftop array, a stockpile of useable second-hand modules is mounting. But efforts to embrace reuse rather than refuse are taking shape.
The proposed $3.5 billion Marinus Link interconnector between Tasmania and the Australian mainland has reached a significant milestone with “critical” environmental referrals being lodged with the federal and Victorian governments.
Australian miner Northern Star Resources has partnered with independent power provider Nomadic Energy to more than triple the capacity of the solar farm at its Carosue Dam gold mining operation near Kalgoorlie in Western Australia.
Australian renewable energy developer BE Power will continue to progress plans to construct a 400 MW pumped hydro storage project near Toowoomba in southeast Queensland after the local government authority gave the project its tick of approval.
Fortescue Future Industries has revealed plans to develop a 1 GW solar PV module manufacturing plant in Australia after confirming it had acquired a 60% stake in Netherlands-based renewable energy specialists High yield Energy Technologies Group.
With some of the world’s largest solar PV module manufacturers warning of looming panel shortages, Australian researchers have declared a new generation of cheap, sustainable and efficient solar cells is now a step closer.
Victoria’s Hobsons Bay City Council is powering ahead with plans to establish a virtual power plant, confirming the installation of a combined 4 MW rooftop solar PV system across more than 40 council-owned buildings has begun in earnest.
Prime Minister Scott Morrison may be warming to a net-zero emissions target by 2050, but Australia is still far from adopting it – largely thanks to resistance from the National Party.
Australian renewable energy developer Genex Power has inked a deal with Tesla to develop its 50 MW/100 MWh Bouldercombe Battery Project in Queensland using the United States-based electric vehicle manufacturer’s lithium-ion battery technology.
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