Finance

ARENA today announced 12 projects with a combined capacity of 3 GW are on the shortlist for its $100 million Large Scale Battery Storage Round which aims to support to rollout of storage fitted with grid forming capacities.

Australia’s largest EV charging network, Chargefox, has been fully acquired by Australia’s motoring clubs via their company Australian Motoring Services.

Australian company AspiraDAC, which uses solar powered Direct Air Capture (DAC) technology to remove carbon from the atmosphere, has been selected to be part of the first round of purchases from Frontier, a program backed by Facebook and Google’s parent companies, Meta and Alphabet.

Macquarie Capital, Moelis and MA Financial Group have been appointed as joint financial advisers to the world’s largest solar farm, battery and undersea electricity cable project, the $30 billion plus Australia-Asia PowerLink Sun Cable project in the Northern Territory.

Australian software company OpenSolar has expanded its partnership with fintech lender Plenti Group to give Australian solar installers the option to offer customers access to zero-interest payment plans in a bid “to make solar accessible to more people as quickly as possible”.

With new modelling by PricewaterhouseCoopers Australia revealing that businesses will spend $3.7 billion on advisory services supporting their transition to a clean economy by 2030, the firm has launched a new unit designed to help facilitate the nation’s successful transition to a decarbonised economy.

Australian energy giant AGL Energy has revealed that Canadian fund manager Brookfield Asset Management has acquired a more than 2.5% stake in the power producer, renewing speculation it may mount a fresh tilt to take over the company.

ASX-listed company Vulcan Energy announced a $76 million equity investment from one of the globe’s top five automakers, Stellantis, which owns brands like Peugeot, Citroen, Fiat, Chrysler and Opel. The deal, Vulcan managing director Francis Wedin told pv magazine Australia is one of number in the works as the European market clambers to secure not just lithium, but sustainably produced lithium, from the Aussie company. Wedin explains precisely how the company’s novel lithium extraction method works and why it finally affords properly green credentials a vital battery resource.

Rio Tinto has joined a group of industrial heavyweights including Equinor, Amazon and Mitsubishi Heavy Industries as investors in United States-based renewable hydrogen start-up Electric Hydrogen which plans to build green hydrogen production facilities at scale for industrial and infrastructure applications.

The Australian Centre for Advanced Photovoltaics will receive up to $45 million in federal funding over the next eight years as it seeks to develop the next generation of efficient and ultra low-cost solar technologies.