Balance of Systems

Brookfield Asset Management has inked a deal with Chinese multinational Envision Group to explore opportunities for manufacturing of clean energy equipment in Australia to support its plan to develop up to 14 GW of renewable generation and storage facilities in the country within the next decade.

Biwatt Power, a Chinese manufacturer, has developed new residential sodium-ion batteries with an efficiency rate of 97% and a projected lifespan of more than 3,000 cycles.

A lack of clear policy support, raw material dependency, and higher production costs are inhibiting the localisation of European solar manufacturing, despite strong demand, writes Edurne Zoco, executive director for clean energy technology at S&P Global.

Western Australia battery tech company Altech Batteries has raised $13.3 million (USD 8.7 million) to advance the development and commercialisation of its sodium-chloride solid state battery project and to progress construction of a silumina anodes battery materials plant in Germany.

Singapore-based developer Vena Energy has announced it will investigate opportunities to manufacture solar panel components and battery energy storage systems in Indonesia to support a hybrid megaproject featuring up to 2 GW of solar capacity and more than 8 GWh of energy storage.

American investment giant BlackRock has teamed with the New Zealand government to launch a NZ$2 billion (AUD 1.86 billion) climate infrastructure fund to accelerate the growth of green energy technologies like solar, wind, green hydrogen and battery storage to fuel a low-emissions economy.

The Australian government needs to commit up to $138 billion (USD 90 billion) over the next decade to support manufacturing of renewable energy-related equipment or risk the country being left behind in the race to develop the technologies and manufacturing capacities needed to prosper from the global energy transition.

Newcastle-based clean energy company MGA Thermal has secured $8.25 million (USD 5.39 million) from domestic and international investors as it gears up for commercial scale production of its thermal long-duration energy storage solution.

Brookfield’s bold ambitions for Australia have reached a new level with the global asset manager inking an agreement with India-headquartered multinational Reliance Industries to explore the production of solar panels, long-duration battery storage, and other renewable energy equipment in Australia.

The Australian government has committed $50 million to support the development and diversification of clean energy supply chains in the Indo-Pacific as it seeks to increase manufacturing opportunities and enhance energy security in the region.