NSW transformer manufacturer lands $22 million expansion grant
A New South Wales-based manufacturer of power and distribution transformers has been granted $22 million from the state government as part of a $52 million outlay to “supercharge” renewable energy manufacturing sectors.
Global-warming-induced degradation could raise rooftop solar LCOE by up to 20%
A global study finds climate change will sharply increase high-temperature risks, accelerate degradation, and raise costs for rooftop PV, with economically disadvantaged regions hit hardest. Researchers warn current IEC standards underestimate future risks, urging urgent updates to avoid stranded assets and rising electricity costs.
Australian battery manufacturer lands funds for expansion plans
Perth-headquartered energy storage and battery-based power systems specialist Magellan Power has teamed with specialist investment manager Viburnum Funds to boost its manufacturing capabilities and fund expansion in Australia and internationally.
Investment rally coincides with renewables records in NEM
A record five large-scale renewable energy generation projects totalling 1.2 GW of capacity reached financial close across Australia in the last quarter but industry figures say more needs to be done to ensure that investment momentum continues.
NSW pledges $15 million to boost renewable energy workforce
Jointly funded with the Australian government, the New South Wales government is investing $15 million over four years to train the skilled workforce needed for the state’s renewable energy rollout.
Neara closes $90 million Series D funding round, reaches $1.1 billion valuation
Sydney-based critical infrastructure digital twin modelling company Neara has closed a $90 million Series D funding round to accelerate its focus on solving global infrastructure challenges.
Revera Energy secures $213 million facility to accelerate pipeline in Australia
London-based clean energy developer Revera Energy has bagged a $213 million facility to accelerate a multi-GW pipeline in Australia and the United Kingdom.
Armidale East BESS awarded long duration storage tender
FRV Australia has been awarded a long duration storage LTESA for 157.5 MW of its 315 MW / 1,260 MWh utility-scale Armidale East battery energy storage system.
Iberdrola marks two energy storage milestones in New South Wales
Clean energy developer Iberdrola Australia has been awarded a long-term contract for the New South Wales based 100 MW Kingswood battery energy storage system, and launched it’s 65 MW Smithfield battery.
Developer lands federal backing for 26 GW green hydrogen hub in WA’s Pilbara
Plans to build a 26 GW solar, wind, and green hydrogen project in Western Australia’s Pilbara are set to accelerate with the federal government providing a $21 million funding injection to further advance the project.
