Markets

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.

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.