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Finance

Neara boss says network access issues remain after budget spend

The focus of the federal government’s $22.7 billion commitment to Australia’s clean energy future has been queried with concerns raised about the capacity of the nation’s electricity network to support the shift from fossil fuel generation to renewables.

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Countrywide locks in government backing to help drive Hydrogen HyWay

Countrywide Hydrogen’s ambition to be the first major green hydrogen producer in Tasmania has received a boost with the state government announcing an $8 million funding package that would support the delivery of its ‘Hydrogen HyWay’ project.

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WA commits $1 billion to fast-track state’s energy transition

The West Australian government has committed more than $1 billion to drive the development of the clean energy and major industrial projects it says are required for the state to become a “global clean energy powerhouse.”

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Redback Technologies exits voluntary administration

Australian battery and inverter manufacturer Redback Technologies has exited voluntary administration and is now under the control of new owners Australia Ebon Group.

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New funding puts Hysata on path to giga-scale manufacturing

Australian green hydrogen technology company Hysata is aiming to increase its manufacturing capacity to the giga-scale after securing backing from a syndicate of global investing heavyweights in a record-breaking Series B raise.

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Former PM to chair fund planning 15 GW clean energy portfolio

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.

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Governments pump millions in to build ‘new energy’ workforce

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.

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WA pumps $26.4 million into clean energy manufacturing sector

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 fast tracks 710 MWh of battery projects with new financing

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.

Community battery rollout reaches national capital

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.

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