Markets

British energy giant BP’s plans to build one of the world’s largest renewable energy and green hydrogen hubs in remote Western Australia has received a significant boost with the state government allocating land that supports the development of the proposed 26 GW project.

Australian miner Core Lithium has made the transition to lithium producer with 15,000 tonnes of unprocessed ore from its Finniss mine in the Northern Territory now heading to China where it will be converted into materials for the global renewable energy storage and electric vehicle markets.

New research from the University of New South Wales outlines the need for solar cell and module makers to reduce or eliminate the use of silver in their products. Based on expected PV growth, in line with climate change commitments, solar manufacturers would require at least 85% of global silver reserves, according to the new study.

Before Puerto Rico had a chance to recover from Hurricane Maria, in 2017, it was rocked by earthquakes and then, in September 2022, the island was struck again – this time by Hurricane Fiona. These disasters severely impacted Puerto Rico’s infamously fragile power grid, but have emboldened local communities to take power into their own hands through solar and battery storage, and increasingly in the form of microgrids. Compelled by catastrophic circumstances, Puerto Rico must now push toward energy resilience and in the process may see itself become a model not just for other islands, but mainland grids as well.

The New South Wales government has declared the Illawarra region on the state’s south coast is set to become a renewable energy and clean manufacturing powerhouse after outlining plans for a coordinated renewable energy zone that will deliver at least 1 GW of new network capacity as the state transitions from fossil fuels to renewable energy.

As Australia’s hydrogen project pipeline doubles in 12 months, Iberdrola announces investment in a green hydrogen and green methanol production plant in Tasmania. Meanwhile, projects in Scandinavia target the shipping industry.

Investment and forecast revenue from Australian resources critical to low-emissions energy technologies has grown dramatically in 2022, federal government reports find. The forecast export earnings from critical minerals has grown 50% in the year, while hydrogen projects now make up the nation’s largest single component by value, though in a highly speculative form.

The 5 MW Woods Point Solar and Storage Farm in South Australia is open – it is one of three identical solar storage projects being commissioned by SEI and Yes Group in December, and part of a much larger mid-scale play.

Shenzhen LiTime Technology’s new lithium iron phosphate battery system has a nominal voltage of 12.8 V and a capacity of 100 Ah. It comes with a five-year warranty and can purportedly operate for more than 4,000 cycles.

Adani has selected Engineers India Ltd. (EIL) to set up 30,000 metric tons (MT) of polysilicon production capacity and 500 MT of monosilane capacity in India.