ABB launches battery storage subscription model to address capital constraints
ABB has announced a “battery energy storage systems-as-a-service” model to add storage to commercial and industrial customers without upfront capex.
Victoria puts an end to no-interest solar battery loan program
The Victorian government has announced applications for the state’s interest-free solar battery loan program are no longer being accepted, declaring that the rollout of energy storage systems under the scheme has exceeded expectations.
Pacific Energy completes $2 billion funding raise to boost growth plans
Queensland-based investor QIC’s remote and off-grid power specialist Pacific Energy has successfully completed an almost $2 billion refinancing and equity raise that will bankroll the Western Australian company’s growth plans.
Kite Magnetics nets $3.6 million to scale up production of EV tech
Victorian startup Kite Magnetics has secured a $3.6 million investment from one of the world’s biggest producers of battery-grade lithium chemicals to scale up production of a patented nanocrystalline magnetic material designed to improve the performance of electric motors and generators.
NSW government throws weight behind first urban renewable energy zone
EnergyCo and New South Wales government representatives have given impetus to the proposed Illawarra renewable energy zone, tipped to be the state’s first urban REZ, and setting a benchmark for future clean energy collaborations.
5B’s Maverick technology shines with $46 million Solar SunShot backing
Modular solar developer 5B is Australia’s first recipient of the federal government’s $1 billion Solar SunShot program, receiving $46 million to increase the manufacturing capacity of its Maverick unit.
US private equity giant targets Australia, UK with renewables platform
United States-headquartered private equity group Carlyle has launched a new clean energy infrastructure platform focused on developing and operating a portfolio of utility-scale renewables projects in Australia and the United Kingdom.
WoodMac tips Australia to fall short of 82% renewables goal
Global analytics firm Wood Mackenzie predicts Australia will fall well short of its target of 82% renewable generation by 2030 due to grid connection delays, inadequate investment and moves from some state governments to scale back their clean energy ambitions.
Clean energy future outlined in draft Victorian 2025 transmission plan
The Victorian government has released its draft 2025 transmission plan, which sets out the proposed renewable energy zones and transmission projects the state will need to deliver power to the state by 2040.
Review beckons US investors to Australia’s clean energy market growth
American commercial real estate services and investment firm CBRE has released research analysis about Australia’s renewable energy market, finding government backing and increased investment have driven strong market growth.
