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Finance

Bidding war for Victoria’s transmission networks

A bidding war to buy AusNet and its Victorian electricity and gas assets has broken out between Canadian-headquartered Brookfield and Australia’s largest gas pipeline operator, APA Group.

Hydrogen hub shortlist expanded as feds commit additional $150 million

The federal government has announced it will extend its prospective national network of clean hydrogen hubs to each of Australia’s states. The move was welcomed by a number of industry bodies, though some say the program doesn’t go far enough with government spending still lagging our European counterparts.

Lightsource BP secures $2.5bn to develop 20-plus GW of new solar by 2025

The clean energy joint venture, which is half owned by British energy company BP, today said it expects to create around 500 jobs as it ramps up its solar portfolio from less than 4 GW to 25 GW in four years.

Sunday read: Bringing costs down to earth

Rising efficiencies and the plummeting cost of solar modules over the past few years, recent months notwithstanding, are leading innovators toward ideas that may look unusual in the current tracker-dominated world of large-scale solar parks. Advocates of the new approaches argue that they leave traditional models looking decidedly flat by comparison.

Price increases hit US solar

Price increases, supply chain disruptions, and a series of trade risks are threatening the U.S.’s ability to decarbonise the grid, warned SEIA president and CEO Abigail Ross Hopper.

Blockchain-tech launches to help corporates transition to renewables without greenwashing

Global software as a service (SaaS) company, WePower, has today launched its new ‘Incite’ solution, allowing businesses to track and certify their operation’s sustainability through blockchain-enabled technology, ultimately combatting greenwashing. Australia is first cab off the rank for the Lithuanian-headquartered company’s new product suite.

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Regional strategy to turbocharge Indonesian solar

A roadmap to rapid carbon emission reduction has suggested the nation add 2.4 GW of generation capacity next year as part of a 15 GW new-solar target this decade. The claims of solar-plus-storage should be ignored for now, according to a new policy document, because batteries will make PV less competitive with coal.

How zinc-bromide innovators Gelion found a way to cheaply manufacturer batteries in Australia

Sydney-founded battery company Gelion Technolgies today announced its partnership with lead-acid battery manufacturer Battery Energy Power Solutions. The news reflects a significant adjustment of the company’s battery design and business strategy, which is seeking to leverage industry shifts.

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ARENA switches focus with new investment plan revealed

The Australian Renewable Energy Agency has responded to the federal government’s decision to expand its mandate to include ‘low-emission technologies’, unveiling a new investment plan that provides for the financing of a broader range of technologies including some using fossil fuels.

Wood-fed hydrogen plant proposed for NSW in $15 million Singapore deal

Plans to create hydrogen by burning wood have swollen in New South Wales’ Hunter Valley, after sawmill offshoot, Sweetman Renewables, yesterday announced a $15 million deal with Singapore’s CAC-H₂ to construct the country’s largest wood-fed hydrogen production plant.

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