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A group of Melbourne’s prominent universities and businesses are combining their purchasing power to source their electricity from a large scale renewable energy project in Victoria.

State and federal energy ministers have given a tick of approval to the National Hydrogen Strategy prepared by chief scientist Alan Finkel and voiced support for a $370 million fund for green hydrogen projects. Against high expectations of the country’s hydrogen export potential, a report finds that Australia has overhyped the potential demand for hydrogen exports by a factor of up to 11.

Last week two things happened related to rule changes on losses. The AEMC released a draft determination, rejecting the proposal to move to Average Loss Factors (ALF). They also held a working group for COGATI which proposes dynamic marginal loss factors.

Under the Electricity Strategy released on Friday, the NSW Government has unveiled a plan to deliver Australia’s first coordinated Renewable Energy Zone in the Central-West, seeking to support the new generation needed to get energy bills down. The administration has also pledged to give NSW one of the world’s highest reliability targets to cope with the changing electricity mix and unexpected generator outages.

In late September, Western Australia’s government-owned electric utility registered an approximate AUD 657 million ($442.8 million) loss – much of it attributed to asset and contract writedowns. However, the utility was quick to blame rooftop PV for eating into its revenues, while fixed costs remained unchanged or increased. Revenues for the utility were down 4.7% for the year, to AUD 2.8 billion.

Ernst & Young Australia (EY) are calling for a significant capital injection into the Australian Energy Market Operator (AEMO) at this week’s COAG Energy Council meeting. EY wants to expand AEMO’s powers toward fixing the nation’s embattled energy grid.

As part of the Andrews Government’s compromise with solar industry protestors after the initial dog’s breakfast of a Solar Homes program, Solar Victoria has established the Industry and Consumer Reference Group (ICRG).

The University of Queensland’s Warwick Solar Farm has won a coveted green award as the unique project nears completion.

The renewables investment arm of Octopus Group is seeking to raise up to £250 million ($475 million) through a major initial public offering for investment in onshore wind and solar assets in Europe and Australia. It aims to invest in already operating, in construction and construction-ready assets.

The possibilities presented by hydrogen are the subject of excited discussion across the world – and across Australia’s political divide, notoriously at war over energy policy.