Renewable Metals to scale up battery recycling ambitions
Australian battery recycling startup Renewable Metals intends to scale and commercialise its lithium-ion battery recycling technology that converts battery waste into high-value battery metals after closing an $8 million (USD 5.08 million) investment round.
Global heavyweights back Infravision’s drone-enabled expansion plans
Australian technology company Infravision plans to “supercharge” the development of its drone-enabled powerline stringing system and software technology solutions after securing a “game-changing” $36 million (USD 23 million) from global energy and utility investors.
Fortescue ‘lead investor’ in US$1 billion electrolyser startup, signs 1 GW supply deal
Fortescue has become a “lead investor” in, and signed a 1 GW supply deal with, US-startup Electric Hydrogen, or EH2. Fortescue, which is pursuing both green hydrogen projects and electrolyser manufacturing, says EH2’s systems produce hydrogen at “transformational” low cost.
Octopus Australia acquires Queensland’s largest battery proposal, the 1 GWh Blackstone battery
Renewables player Octopus Investments Australia, a subsidiary of UK-based Octopus Group, has purchased Queensland’s largest battery project, the 500 MW / 1 GWh Blackstone project just outside of Brisbane.
‘Pretty crazy’: Queensland’s solar + storage payback periods plunge
Solar payback periods worsened in Australia between 2020 and 2022, but have now turned a corner, data from analyst Sunwiz illustrates. Queensland has seen the most remarkable journey, with payback periods for residential solar and storage falling from 10 to 6.6 years within 12 months.
India’s green hydrogen will be cheapest in the world, says power minister
Already 5.8 million tonnes of green hydrogen manufacturing capacity is in different stages of installation in India, said power minister R.K. Singh at a summit in New Delhi recently.
Solar wafer prices fall for first time in 3 months
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Origin lands $45 million to progress Hunter Valley hydrogen hub
Origin Energy has secured a $45 million (USD 28.7 million) commitment from the New South Wales government to advance the development of a commercial-scale green hydrogen manufacturing hub on Kooragang Island near Newcastle.
Australia in midst of solar market shakeup with TW Solar entrance, historic global pricing plunge
Australia’s solar market and pricing has been shaken up in recent months with the entrance of Tongwei Solar. Compounding this is the global free fall in panel pricing, which solar analyst Warwick Johnston says is yet to properly hit Australia. “There’s super cheap panels that are coming through and everyone will have to adjust their prices accordingly,” he says.
WA to charge royalties on natural hydrogen projects
With the regulatory scaffolding around natural hydrogen starting to be erected across the country, the Western Australian government has confirmed it will charge a royalty on hydrogen extracted from underground geological formations, otherwise known as natural or gold hydrogen.
