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Rooftop solar generation continues to achieve record levels across the National Electricity Market but the Australian Energy Regulator has warned of a “pressing need for new investment” in large-scale renewable energy assets to keep pace with the energy transition.

The US Department of Energy has allocated USD 7 billion ($11 billion) for seven Regional Clean Hydrogen Hubs (H2Hubs) to deploy commercial-scale clean hydrogen, while the Mission Possible Partnership, RMI, Systemiq, Power2X, and industry leaders have set up the Transatlantic Clean Hydrogen Trade Coalition (H2TC) to ship US clean hydrogen to Europe by 2026.

RMIT University in Australia has developed new software that integrates product, regulation, technical, economic, and construction data. It helps architects and engineers to estimate the cost of building-integrated photovoltaics (BIPV) during the conceptual design phase.

US giant Albemarle Corp. has withdrawn its $6.6 billion takeover bid for Australian lithium developer Liontown Resources after Gina Rinehart, via her company Hancock Prospecting, reportedly spent $1.3 billion raising its stake in Liontown to a commanding 19.9%.

The Clean Energy Finance Corporation has made its first investment via the Australian government’s $20 billion (USD 12.67 billion) Rewiring the Nation Fund, committing $100 million to support the build-out of renewable generation, long-duration storage and grid infrastructure in New South Wales.

Through the first nine months of 2023, $45.56 billion (USD 28.9 billion) of venture capital, public market, and debt financing was injected into solar, says a report from Mercom Capital Group.

Queensland state-owned CleanCo has opened an expression of interest process to add 3 GW of wind and solar generation to its portfolio “to support our customers to achieve their sustainability goals, and to advance Queensland’s energy transformation”.

A green hydrogen collective that includes Australia’s Fortescue is set to share in more than $11 billion (USD 7 billion) of United States government funding as the Biden administration seeks to accelerate the commercial-scale production and deployment of low-cost, renewable hydrogen.

Solar panel producer Maxeon Solar Technologies will lay off 750 employees by the end of the year as the company reels from reduced shipments from its largest distributed generation (DG) customer in North America and an ‘industry-wide demand slowdown’ in global DG markets.

Australia’s vast distances make the supply of electricity via traditional grids expensive and even dangerous. With demand growing for agricultural goods produced with low-carbon emissions, solar and energy storage is being embraced even by skeptical farmers.