Markets

The Brookfield-led North American consortium courting Origin Energy has finally come back with a revised bid for the company, valued at roughly $18.2 billion (USD 12.5 billion). The offer is only fractionally lower than the initial bid, which came as a relief for the market, and has been endorsed by Origin’s board.

The Australian Energy Market Operator (AEMO) has renewed calls for Australia to expedite generation, transmission and storage projects to ensure reliability of the country’s electricity supply. Interestingly, AEMO’s update notes South Australia, the state with the biggest share of variable renewable generation, faces the smallest reliability gap, meanwhile big batteries are successfully plugging short-term concerns.

Australian graphite miner turn integrated lithium battery company, Magnis Energy Technologies, has signed a significant offtake deal with electric vehicle giant Tesla. The agreement comes the same month the company quietly dropped its plan to build a 18 GWh lithium-ion battery factory in Townsville, northern Queensland.

Analysis from Sunwiz has revealed Australia’s breakdown of top rooftop solar and inverter manufacturers for 2022.

UNSW Sydney researchers have developed an algorithm to enhance images of PEM fuel cells, meanwhile South Korean researchers have revealed a scalable production method for platinum-based fuel cell catalysts. Germany has moved forward on its hydrogen strategy by signing agreements with Australia, Belgium, and the Netherlands.

Component cost declines, local manufacturing and distributed energy are the three big trends for the renewable energy sector this year, according to S&P Global.

Tongwei is offering six versions of its monofacial monocrystalline panels, with power outputs ranging from 400 W to 430 W and power conversion efficiencies between 20.1% and 21.7%.

Last December, Australia’s first large-scale battery funding round fast-tracked eight new grid-forming projects with a combined capacity of 2.0 GW / 4.2 GWh. That same month, the country’s fresh federal government announced it would enact a major underwriting scheme to incentivise renewable storage across the country. The moves echo those which inaugurated big solar in Australia, but the transformative potential of these storage plays will, it seems, take a different shape.

The New South Wales government has announced an $8 million (USD 5.5 million) pilot program which will support the entire electrification of three communities across the state. It is anticipated the initiative will include the deployment of solar, batteries and local electric vehicle charging infrastructure.

The Western Australian Government has launched a new $15 million (USD 10.3 million) grant program to expand electric vehicle charging infrastructure throughout the state and accelerate the uptake of zero emission vehicles.