Clean energy economy leaders cheer on Future Made in Australia Act
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.
Full steam ahead for industrial decarbonisation solution
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.
Federal government pumps millions into critical minerals projects
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.’
GridBeyond looks to build Australian footprint with new funding
Ireland-headquartered smart energy company GridBeyond plans to expand its operations in “key market” Australia as part of a broader global growth strategy after securing more than $86 million in new funding.
Community group uses C&I solar profits to provide job opportunities
A volunteer-based community group is using profits generated by commercial and industrial rooftop solar installations to help build a “bridge to the future” as the Illawarra region on the New South Wales south coast transitions its workforce into new employment.
Weekend read: Solar through the looking glass
The Silicon to Solar report, partly funded by the Australian Renewable Energy Agency, outlines ways to restore solar manufacturing to the nation with a little help from the country’s major trading partner – China.
Origin adds more renewables, storage to plug pending coal gap
Australia’s largest energy retailer Origin Energy Limited (Origin) has entered into an agreement with Belgian company Virya Energy to acquire the Yanco Delta renewables project that comprises an 800 MWh battery energy storage system coupled with a 1.5 GW wind farm in southern New South Wales.
Australia joins global clean energy race with new subsidy policy
The federal government has unveiled plans for a Future Made in Australia Act, proposing taxpayer-funded incentives to advance renewable energy industries, manufacturing, and infrastructure to stake Australia’s place in the global clean energy race.
Rooftop subsidies and rising costs present roadblocks for large-scale renewables
The head of one of Australia’s largest energy generators, retailers and developers has pointed to rising costs and uncertainty about recovering those costs as the cause of a drop in investment for large-scale renewables that threatens Australia’s clean energy goals.
‘Big 4’ seen as greenwashing sustainable finance target allocations
New analysis from independent think tank Climate Energy Finance finds renewable energy and decarbonisation of industry is receiving just 7% of the ‘Big 4’ banks’ collective multi-billion-dollar sustainable finance target allocations.
