Canada’s Hydrostor has closed US$37 million (AU$54,6 million) in growth financing. The company plans to use the funding to complete construction of the 5 MW/10 MWh Angas Project in South Australia and to advance its 2 GW pipeline of large-scale advanced compressed air energy storage projects.
The Australian Renewable Energy Agency (ARENA) is allocating $460,500 in funding to investigate opportunities for using renewables in process heating in manufacturing.
GE Renewable Energy has been chosen to supply a massive battery for the 200 MW Solar River Project in South Australia.
The 106 MW Yatpool Solar Farm is nearing completion. The project is located in north-west Victoria notorious for grid limitations.
The Australian Capital Territory will soon become the first state or territory in Australia to achieve a transition to 100% renewable electricity and join a handful of major jurisdictions across globe that have made the move.
The Western Australian Government has launched a $10 million Renewable Hydrogen Fund in a bid to drive a new job-creating industry harnessing the state’s renewable resources. The fund’s strategic focus areas will be export, remote applications, blending in gas network and transport.
September’s second round offering was snapped up in under half an hour, signaling there is still a long way to go before supply catches up with demand.
New planning guidelines for large scale solar development in Victoria are now part of all state planning schemes. The Victorian government hopes to deliver consistent guidance in terms of choosing the right locations for solar development and encourage investment as it moves towards its 50% renewables goal by 2030.
After it had contracted enough generation to future-proof its 100% renewables target, the Australian Capital Territory has unveiled the next phase of its strategy towards zero net emissions with several nation-first policies.
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