Markets

China’s Longi claims that its new ALK Hi1 electrolyser can produce hydrogen with an energy content of 4.3 kWh per normal cubic meter. It says the levelised cost of hydrogen could be up to 2.2% lower than other electrolysers on the market.

Spanish company PV Hardware has enjoyed its most successful year in the Australian market with the company commencing construction on more than 1 GW of utility scale projects in 2022 and the cleantech manufacturer believes the best is yet to come.

The European Commission has presented the final version of its new rules for green hydrogen, with looser requirements to qualify hydrogen as “green.”

Australian concentrated solar thermal company Vast Solar has struck a deal with the world’s largest oil drilling contractor, Nabors Industries, announcing it will go public via the partnership and expects to list on the New York Stock Exchange midyear.

Western Australia-based Hybrid Systems Australia has commissioned 42 MW of interconnected battery storage for two Fortescue mine sites in the Pilbara region, noting the installation is one of the largest for a mining application.

When US President Joe Biden signed the $500 billion (USD 369 billion) Inflation Reduction Act into law in August 2022, it was lauded as the most significant policy the world has yet seen to combat climate change and drive the transition to renewable energies. However, some international critics and competitors claim the landmark bill thwarts their slow-burning ambitions to foster green manufacturing at home. As governments scramble to respond to the scale of the IRA, Australia is one country realising it may have already been left behind.

In response to growing demand, Trina Solar has revealed plans to ramp up ingot capacity at a new factory in Xining, in China’s Qinghai province.

Wafer prices rose by between 24% and 36% this week, according to new data from the China Nonferrous Metals Industry Association (CNMIA).

UK-headquartered fund manager Glennmont Partners has its sights firmly set on the Australian renewable energy market after announcing it plans to acquire, build and operate a portfolio of large-scale solar farms and energy storage assets as part of a $145 million (USD 100 million) strategy.

A surge of community battery trials in Australia is seeking to make better use of the country’s vast distributed solar resource. But the results so far have battered expectations. pv magazine Australia’s Natalie Filatoff and Bella Peacock explore the motivations, challenges, and outlook for sharing and monetising solar rooftop riches.