Markets

Three Australia-based alumni of climate tech startup accelerator EnergyLab raised a collective $124 million in 2023 for their renewables and energy transition concepts.

A coalition of community groups have branded the estimated $4.9 billion HumeLink transmission project defective and the New South Wales government reckless to ignore safety and environmental concerns.

Chinese solar manufacturer Longi has responded to recent media reports claiming that it might cut 30% of its global workforce.

The International Renewable Energy Agency (IRENA) released a new report on the sidelines of the Berlin Energy Transition Dialogue this week describing the actions needed so the world complies with targets set at the recent COP28 conference in the United Arab Emirates. IRENA President Francesco La Camera says renewables are the only energy sources with the speed and scale to achieve the ambitious targets set in Dubai.

A coalition of leading interest groups across Australia has called on the federal government to introduce local content requirements in renewable energy projects. Multiple economic, business and social benefits for the Australian economy would result, according to the groups.

New Zealand’s transition to a renewable energy future has taken a significant step forward with the nation’s first grid-scale battery energy storage project now offering injectable reserves to the electricity market for the first time.

Both active in the Australian renewables market, Philippines-based energy company ACEN has partnered with United States-headquartered producer BrightNight to develop the latter’s 1 GW renewable power portfolio in the Philippines.

A new report published by the Clean Energy Investor Group calls for federal and state governments to financially back long-duration energy storage assets to ensure Australia’s clean energy transition 2030 targets are met.

Australian electric vehicles could earn up to $12,000 in a single year using vehicle-to-grid technology to provide frequency regulation services to the National Electricity Market according to a report published by the Australian Renewable Energy Agency.

Chinese manufacturer Aiko showcased its GEN 2 N-type ABC (All Back Contact) modules at last week’s Smart Energy Expo, where the technology’s shade optimisation, enabled by its cells’ bypass diode function, made a splash. Pv magazine spoke to Aiko’s leadership about how its technology works and how the Australian market entrant plans to position itself down under.