Balance of Systems

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.

The Australian government has launched a new study that will explore opportunities for onshore manufacturing of solar panels and components in a bid to strengthen solar supply chains and better support the country’s energy transformation.

The founder and deputy chair of Australian-based investment firm St Baker Energy Innovation Fund plans to establish a lithium-ion phosphate battery manufacturing plant in the Philippines with annual production capacity of 1.2 GWh by the end of the decade.

Germany battery manufacturer VoltStorage has unveiled a containerised 50 kWh vanadium redox flow battery that is designed to optimise self-consumption in commercial and industrial PV systems.