Funding confirmed for 3 GW green hydrogen project
Australia’s push to become a green hydrogen superpower has gained new momentum with the federal and Queensland governments teaming with consortium partners to deliver $117 million (USD 76 million) to progress a 3 GW renewable hydrogen project being developed near Gladstone on the central Queensland coast.
Widespread misreporting of NSW renewable energy zone cost ‘blowouts’ and delays
The numbers behind headlines of billion dollar cost blowouts and delays to New South Wales’ energy transformation appear foggy at best, with unexamined sources seemingly leading to widespread misreporting.
Six ACT companies awarded grants from innovation fund to commercialise promising tech
The ACT government has awarded over a million dollars to support the commercialisation of technologies from six upcoming renewable companies. Round three of the territory’s $12 million innovation fund includes support for a startup which has developed a 3D printer capable of printing electronics.
Australia and India establish hydrogen taskforce, deepen renewable ties
Australia and India will establish a Green Hydrogen Taskforce, with prime ministers today agreeing to the Taskforce’s terms of reference. The meeting strengthens ties between India and Australia in relation to renewable energy ambitions and manufacturing, with plans extending to critical mineral and solar manufacturing.
AEMO given $3 million to expedite grid connections for new renewables before next summer
Australia’s energy ministers have agreed to provide $3 million (USD 2 million) to the Australian Energy Market Operator (AEMO) to ensure new renewable projects are connect to the grid before next summer.
Major funds for state-owned clean energy venture, education and innovation in Victoria’s new budget
Victoria’s newly released state budget includes $1 billion (USD 670 million) for the resurrected government energy outfit, the State Electricity Commission, almost $200 million for clean energy education, as well as funding to streamline critical minerals projects and to install 100 new neighbourhood batteries.
Maxeon raises $300 million for IBC module manufacturing expansion
Maxeon Solar Technologies, the producer of the Maxeon and SunPower solar module brands, is raising capital from a USD 157.4 million ($237 million) underwriting of shares and a separate USD 42 million ($63 million) private placement with TCL Zhonghuan.
Powerlink extends payment plan to smooth way for transmission infrastructure
In what it says is an Australian first, Queensland network operator Powerlink will offer owners of land adjacent to new transmission lines compensation payments as it looks to roll out new infrastructure to ensure the future security of the energy grid.
Hydrogen breakthrough sees Professor awarded $3.7 million to commercialise technology
A prestigious award, along with $3.7 million (USD 2.5 million) has been awarded to University of Wollongong electrochemist Professor Gerhard Swiegers for his efficiency breakthrough for hydrogen electrolysers, which are currently being commercialised by startup Hysata.
Major union proposes ‘punitive’ tax on export of raw critical minerals from Australia
An influential Australian union will propose a “significant, punitive tax” on the export of raw critical minerals as a means of promoting more value-adding onshore. The news comes as longstanding trade allies voice criticism over Australia’s growing momentum towards domestic manufacturing.
