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Finance

Largest New South Wales long-duration storage tender to date awarded

Three companies have been awarded long-duration storage, long-term energy service agreements from the New South Wales Roadmap Tender 5, which at 1 GW / 13.7 GWh, is the largest to date.

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Jolt secures $214 million to accelerate EV charger rollout

Australian electric vehicle charging provider Jolt has secured a $214 million loan agreement with the Canada Infrastructure Bank to install 1,500 kerbside EV chargers across urban centres in Canada. 

Cook serves up $387 million residential battery rebate scheme

The Western Australian government has moved to accelerate the uptake of residential battery energy storage systems, announcing it will introduce a $387 million rebate scheme to encourage the installation of household batteries to store and utilise extra power generated by rooftop solar.

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Albanese plans local content targets as part of $500 million investment into clean energy manufacturing

The Australian government has committed $500 million to support the use of locally made steel and aluminium in the onshore manufacturing of clean energy technologies, including batteries, wind turbines, and hydrogen electrolysers.

Gunvor battery revenue swap agreement boosts Akaysha’s portfolio over 1.6 GW

BlackRock-owned Australian battery storage company Akaysha Energy has entered a long-term offtake agreement or the 205 MW / 410 MWh Brendale BESS in Queensland with Swiss oil and gas giant Gunvor Group.

Pacific Green sells South Australian battery park for $460 million

British cleantech solutions company Pacific Green has inked a $460 million agreement to sell its 250 MW / 500 MWh Limestone Coast North battery energy park development to clean energy investor Intera Renewables.

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VSPC eyes cathode powder global supply chain with $30 million ARENA grant

Queensland manufacturing company VSPC has been granted $30 million non-recourse funding to commercialise a new process for manufacturing cathode powder used in lithium-ion batteries.

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Local government solar and battery initiatives win federal funding

The Australian government has released $50 million to local governments across the country to co-fund energy efficiency and electrification upgrades in round one of its community energy upgrades fund.

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Flow battery startup scores $1.85 million federal grant to scale to mass production

Newcastle based clean-tech company Allegro Energy has secured $1.85 million in federal government funding to help bring its redox flow battery technology to mass production.

NSW invests $1 billion to boost energy storage and infrastructure upgrades

The New South Wales government will channel up to $1 billion into large-scale and community batteries, pumped hydro, and virtual power plants as it seeks to ramp up investment in renewable energy generation and storage projects to support the state’s shift from coal-fired generation.

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