Markets

A report from Australia’s Future Battery Industries Cooperative Research Centre which analysed the development of battery hubs in the U.S., Germany and Japan, has found that co-location and cooperation between industry and government were key to hub success. For Australia to play the same game, it will have to leverage its wealth of resources, and clean up its act along the way.

Belgian materials company Umicore has signed a contract with Australia headquartered Vulcan Energy Resources to purchase up to 42,000 tons of lithium hydroxide over a five year period beginning in 2025. The material will be used in Umicore’s production of cathode materials for lithium-ion cell manufacturers.

A new study from researchers at the universities of Lancaster and Reading in the UK has managed to quantify the economic boost provided by the symbiotic relationship between solar farms and honeybee hives.

In a joint energy power purchasing initiative tipped to deliver savings of up to $5 million, more than 50 Western Australian local government associations are set to partner on a renewable power purchase agreement which will see them using 100% renewable energy.

The modular solar marketplace is growing, especially in Australia where remote mining and agricultural sites appreciate the benefits of compact, moveable solar. One new entrant is Western Australia’s CDI Energy with its “Rapid Solar Module”, which CDI founder and CEO Darryl Bower told pv magazine is up to 30% cheaper than fixed axis alternatives.

Fotowatio Renewable Ventures’ (FRV) Australian platform includes 637 MW (DC) in projects already operational or under construction, and a pipeline comprising 7 GW of solar projects and 1.3 GWh of battery storage.

Renewable generation is now the cheapest source of electricity, but for many C&I users accessing green energy is a complex proposition. The Victorian Government wants to retain and attract more businesses, build more renewable energy, create more jobs — is a market facilitation platform the next piece of the puzzle?

Big rooftop PV systems on factories, warehouses and public buildings need not be limited by ownership issues nor local grid capacity, claims Australian innovator EleXsys Energy. The company is maxing out an Ikea in Adelaide, Australia, with solar and storage. And it claims its smart technology can allow the same to be done elsewhere.

Octopus Energy and RES have announced a new partnership under which they plan to invest GBP 3 billion (AU$5.5 billion) in the construction of green hydrogen plants throughout the United Kingdom by 2030.

With Prime Minister Scott Morrison under increasing pressure to back a 2050 net-zero carbon emissions target before the United Nations’ COP26 climate conference in Glasgow at the end of the month, a new report indicates the federal government can capitalise on state and territory efforts to keep the global 1.5°C goal in play.