IND targets global rollout of grid fault detection technology
IND Technology, the electricity grid safety start-up that was spun out of RMIT, has raised $50 million to help accelerate the global rollout of the company’s early fault detection technology.
New tool tracks Australian government renewable energy investments
The agency tasked with helping manage Australia’s move to a net-zero economy has launched an interactive map featuring more than 800 Commonwealth-supported utility scale renewable energy and net-zero projects, transmission lines, and industrial projects.
Bowen commits extra $5 billion to home battery subsidy
The Australian government has announced a major expansion of its Cheaper Home Batteries program, raising the funding allocation from the original $2.3 billion to approximately $7.2 billion over the next four years.
Singapore energy giant Sembcorp buys Alinta Energy for $6.5 billion
Sydney-based energy gentailer Alinta Energy has been purchased from owner, Hong Kong conglomerate Chow Tai Fook Enterprises by Singaporean energy company Sembcorp Industries for $6.5 billion.
Potentia Energy secures $830 million financing to support portfolio growth
Potentia Energy has completed an approximately$830 million portfolio financing package supporting its operating renewable energy assets and the delivery of new projects across Australia, comprising more than 600 MW capacity.
Indonesian 50 MW thin-film solar factory pilot aims for 1 GW per year
Pertamina Power has teamed up with HyET Solaris to validate the commercial feasibility of producing and marketing HyET’s lightweight and flexible solar products in Indonesia, by developing a 50 MW per year factory pilot.
Horizon rolls out renewable energy solutions for remote communities
Offgrid power systems based on solar generation and battery storage are to be deployed in 21 of Western Australia’s most isolated communities as part of a $27 million investment by the state government.
Salvation Army powers aid efforts with new agrivoltaic solar farm
The Salvation Army Australia has completed an agrivoltaic, and its first, solar farm near Melbourne, with the aim to reduce its carbon footprint while boosting its ability to help those most in need.
FY2029 renewable energy construction spending to peak at $23 billion: report
New industry forecasting company Macromonitor analysis has found renewable energy construction tripled since 2021 and is on track to increase to a peak level of $23 billion in FY2029.
Modo Energy raises $50 million and sets out AI ambitions
Venture capital firm Molten Ventures leads investment in global battery energy storage benchmarking business Modo Energy. Founded in the United Kingdom in 2019, Modo Energy has expanded to cover continental European markets, Australia and the United States.
