Former Australian prime minister Julia Gillard has been named chair of a multi-billion renewable energy fund that is aiming to build a 15 GW portfolio of assets including wind, solar, and battery storage over the medium term.
The federal and state governments are stepping up their investments as they seek to deliver the army of skilled workers required to build the solar and wind farms, rooftop solar, battery storage and transmission infrastructure needed to achieve Australia’s renewable energy and emissions targets.
Western Australia’s rollout of solar-based standalone power systems is set to continue with the state government announcing a $26.4 million funding package to drive local manufacturing of components needed for clean energy projects.
Akaysha Energy has secured $250 million in new financing that will accelerate the development of two large-scale battery projects in Queensland set to add a combined 710 MWh of energy storage capacity to the National Electricity Market.
The federal government’s plan to deploy 400 community batteries across the nation to soak up excess solar generated on neighbourhood rooftops has reached the Australian Capital Territory with sites for three new battery energy storage systems unveiled.
Australian solar and storage technology firm RayGen has secured more than $51 million in new funding to accelerate the commercialisation and deployment of its concentrated PV and thermal hydro long-duration energy storage technology.
Embattled Australian electric vehicle fast-charger company Tritium is on the lookout for buyers after its directors declared the company to be insolvent and called in administrators.
Renewable energy advocates and investors have urged the federal government to pursue its commitment to the ambitious Future Made in Australia Act by backing it – and the country’s decarbonisation – with strategic budget support.
New South Wales-based clean energy company MGA Thermal has raised $5.7 million to prove the scale and industrial capabilities of its thermal energy storage technology that stores heat in blocks made largely from aluminium and graphite and dispatches it to generate electricity.
Two major critical minerals projects in Queensland and South Australia are to receive hundreds of millions of dollars in federal government loans as the Commonwealth seeks to deliver the building blocks for a ‘future made in Australia.’
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