Petroleum refinery soon to house green hydrogen service station
ARENA will give $22.8 million in funding to Viva Energy to build a renewable hydrogen and EV charging service station opposite its petroleum refinery in Geelong, Victoria.
Climate-driven billionaire to pursue AGL takeover despite board rejection
AGL has this morning rejected an “unsolicited” $8 billion takeover bid from software billionaire Mike Cannon-Brookes’ Grok Ventures and Canadian fund manager Brookfield. Cannon-Brookes described the consortium as “disappointed” by AGL’s decision, saying it will continue to “move forward” with the bid which would dramatically accelerate coal retirements in Australia.
ARENA opens $128m funding round for fleets to switch to electric & hydrogen vehicles
ARENA has opened round two of its Future Fuels Program, allocating $127.9 million in funding to support fleets to shift to new zero emissions vehicles over the next four years, be that electric, hydrogen, or biofuels.
CEFC gives green light for specialist fund manager
The Australian government’s green bank has announced the launch of its first specialist fund manager as it looks to increase the amount of investment capital available for clean energy start-ups that can help achieve net zero emissions.
Rooftop solar price to keep rising this year
British analyst GlobalData has predicted residential and commercial rooftop panels will not return to a declining price trend until next year, with post-Covid logistics headaches the cause, rather than a polysilicon shortage.
Victoria’s Solar Homes program extends with six VPPs offering ‘guaranteed benefits’ and extra protections
The Victorian government will be expanding its Solar Homes rebate program into the world of Virtual Power Plants (VPPs), announcing on Tuesday that households who install a battery and sign up to the pilot before July 2022 will receive a rebate of over $4000.
Program ‘switching’ concession payments for solar systems to be expanded
South Australia will extend its ‘Switch for Solar’ program in which eligible low-income residents can opt to have a solar system installed in exchange for their next ten years of government concession payments.
Water-based electrolyser for green hydrogen production
U.S. company Verdagy has secured a US$25 million (AU$35 million) investment for its new electrolyser technology, which provides hydrogen fuel for heavy industrial applications. The membrane-based technology uses large active area cells, high current densities, and broad operating ranges to deliver hydrogen at scale.
New investor to boost Gransolar’s Australia vision
Spanish renewables group Gransolar says backing from international financier will “supercharge” its growth plans in Australia.
Australian fintech companies team up to develop ‘future’ energy retail platform
The company behind bill management platform 1bill on Monday announced it will invest more than $2 million in the energy software company Accurassi. The investment will see Accurassi build a platform for energy retailers to accelerate the transition to green energy.
