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Finance

Fortescue continues US expansion with new clean energy manufacturing plant

Australian mining and green energy major Fortescue has revealed plans to establish a new clean energy technology manufacturing plant in the United States as it looks to take advantage of America’s $565 billion (USD 369 billion) Inflation Reduction Act.

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Macquarie targets 4 GW of solar, wind and batteries with new energy business

The green investments arm of global financial services group Macquarie Asset Management has launched a new specialist renewable energy business targeting an initial pipeline of 4 GW of wind, solar and battery energy storage projects across Australia.

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Feds tip $70 million into Kwinana hydrogen hub as bp eyes 1.5 GW capacity project

British-headquartered oil and gas major bp will look at deploying a 100 MW electrolyser to produce renewable hydrogen for domestic and export markets as it seeks to transform its former Kwinana oil refinery site in Western Australia into a green fuels hub.

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‘Well short’: Canadian fund flags REZ risks, costs and offtake woes as causing Australian underinvestment

The managing director of Omers Infrastructure, a Canadian infrastructure fund with stakes in FRV Australia and Transgrid, has said the company is “well short” of its investment hopes for Australian renewables.

Message framing techniques to boost solar sales

A Dutch-German research team has tested how a series of framed messages may be used to boost PV system sales, addressing both self-interest and environmental concerns, and has found that all the proposed messages are effective at promoting the purchase of solar panel installations.

Plug Power shares collapse

Plug Power has issued a warning about its 2023 financial performance due to supply challenges in North America, while Air Products says it is cementing its collaboration with Chengzhi in China.

Feasibility-first value selling – a turbocharger for commercial installer growth

A ‘Feasibility First Value Selling’ can transform solar sales processes, James Allston of Orkestra argues.

CleanPeak continues growth in utility scale solar sector

Australian commercial solar outfit CleanPeak Energy has expanded its utility-scale PV portfolio with the acquisition of three operating solar farms with a combined capacity of 14.3 MW in Western Australia and the Australian Capital Territory.

Hydrogen-powered vertical takeoff aircraft from Sydney startup backed by ARENA

Sydney startup AMSL Aero has been awarded $5.43 million by ARENA to develop a hydrogen-powered electric aircraft capable of taking off and landing vertically. The startup has previously flown a battery-only prototype, but says adding a hydrogen fuel cell will increase the range to 1000km.

Ausgrid turns on community battery as ARENA reveals ‘overwhelming’ demand

New South Wales network operator Ausgrid has switched on the second community battery rolled out under an Australian government national funding program that has sparked an “overwhelming” response with more than $3.5 billion (USD 2.28 billion) of projects seeking funding.

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