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Finance

Farming stakeholder coalition bids for national agrisolar research centre

An alliance of over 60 industry, research and government partners have bid for federal government funding to create an agrisolar cooperative research centre, with multiple outposts around the country.

Battery and electric vehicle automation company gets $45 million capital raise

Victorian energy technology company Amber Electric is expanding its battery and electric vehicle automation technology globally after successfully securing $45 million in capital funding.

WA expands battery rebate scheme with backing of national program

The Western Australian government has confirmed its planned $337 million household battery rebate scheme will operate in combination with the federal government’s $2.3 billion home battery subsidy initiative, rather than applicants being able to stack the two financial incentives.

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Meyer Burger’s German subsidiaries file for insolvency

Swiss solar cell company Meyer Burger said it filed for insolvency for its German subsidiaries, following intensive efforts to keep Meyer Burger Industries GmbH and Meyer Burger Germany GmbH operational.

Clean energy to ignite $36 billion construction boom from 2026

A new report predicts that electricity will become the country’s largest infrastructure investment sector from 2026, driven by a boom in renewable energy construction, with solar construction projected to also peak around $5.7 billion in 2027/28.

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Big batteries supercharge 2025’s first quarter adding 1.5 GW storage capacity

To the tune of $2.4 billion, six utility-scale battery storage projects reached financial close in the first quarter of 2025 kickstarting the year with 1.5 GW of storage capacity and 5 GWh of energy output.

ABB launches battery storage subscription model to address capital constraints

ABB has announced a “battery energy storage systems-as-a-service” model to add storage to commercial and industrial customers without upfront capex.

Victoria puts an end to no-interest solar battery loan program

The Victorian government has announced applications for the state’s interest-free solar battery loan program are no longer being accepted, declaring that the rollout of energy storage systems under the scheme has exceeded expectations.

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Pacific Energy completes $2 billion funding raise to boost growth plans

Queensland-based investor QIC’s remote and off-grid power specialist Pacific Energy has successfully completed an almost $2 billion refinancing and equity raise that will bankroll the Western Australian company’s growth plans.

Kite Magnetics nets $3.6 million to scale up production of EV tech

Victorian startup Kite Magnetics has secured a $3.6 million investment from one of the world’s biggest producers of battery-grade lithium chemicals to scale up production of a patented nanocrystalline magnetic material designed to improve the performance of electric motors and generators.

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