Tesla solar business slips 48% year-over-year
Meanwhile, the automaker’s energy storage unit boosted revenues by 40%, according to its Q3 earnings report.
Orkestra Energy to finetune growth plans with $2 million seed round
An Australian software startup that aims to make it easier for energy providers and solar installers to assess the feasibility of commercial-scale renewable energy projects will now pursue global expansion plans after completing a seed funding round.
Downward trend for PV module prices losing momentum
If demand picks up again toward the end of the year due to the current price situation, the downward trend for PV module prices could be stopped, according to pvXchange’s Martin Schachinger.
Industry groups set 2026 target for EU-US hydrogen trade
The US Department of Energy has allocated USD 7 billion ($11 billion) for seven Regional Clean Hydrogen Hubs (H2Hubs) to deploy commercial-scale clean hydrogen, while the Mission Possible Partnership, RMI, Systemiq, Power2X, and industry leaders have set up the Transatlantic Clean Hydrogen Trade Coalition (H2TC) to ship US clean hydrogen to Europe by 2026.
Massive lithium takeover deal collapses following Rinehart intervention
US giant Albemarle Corp. has withdrawn its $6.6 billion takeover bid for Australian lithium developer Liontown Resources after Gina Rinehart, via her company Hancock Prospecting, reportedly spent $1.3 billion raising its stake in Liontown to a commanding 19.9%.
CEFC rolls out first investment under $20 billion Rewiring the Nation fund
The Clean Energy Finance Corporation has made its first investment via the Australian government’s $20 billion (USD 12.67 billion) Rewiring the Nation Fund, committing $100 million to support the build-out of renewable generation, long-duration storage and grid infrastructure in New South Wales.
Global solar industry corporate funding grows 55% year-over-year
Through the first nine months of 2023, $45.56 billion (USD 28.9 billion) of venture capital, public market, and debt financing was injected into solar, says a report from Mercom Capital Group.
Fortescue in line for US green hydrogen funding
A green hydrogen collective that includes Australia’s Fortescue is set to share in more than $11 billion (USD 7 billion) of United States government funding as the Biden administration seeks to accelerate the commercial-scale production and deployment of low-cost, renewable hydrogen.
Subsidised charging kit for commercial EV fleets launched with ARENA support
Melbourne-based company JET Charge has today launched its ‘Charging as a Service’ initiative, a subsidised and subscription-based electric vehicle charging solution for commercial fleets supported by ARENA.
Registrations open for 600 MW storage underwriting scheme in SA and Victoria
Registrations for the South Australia and Victorian Capacity Investment Scheme, Australia’s new zero-emissions storage underwriting program, have opened today.
