Markets & Policy

Brisbane-based bioenergy company LGI Limited has listed on the ASX, seeking to raise $25 million for expansions, including fitting sites with batteries capable of playing on spot markets. For the company’s founder, Adam Bloomer, the role of bioenergy in Australia only makes real sense when limited to waste. “If it’s is not a waste stream, I think you’re barking up the wrong tree,” he tells pv magazine Australia.

Australian gas company APA Group has signed a third offtake agreement for its 88 MW Mica Creek Solar Farm, currently under construction in Queensland’s mining hub.

BMW Group said it is targeting the premium segment with its iX5 Hydrogen car, Topsoe revealed that it will invest US$267 million (AU$392m) to build the world’s largest SOEC electrolyzer plant in Denmark, and Bosch announced plans to invest US$200 million (AU$292m) in US fuel cell production.

Aspiring green hydrogen manufacturer Countrywide Hydrogen will explore solar-to-hydrogen co-development opportunities in the island state of Tasmania after inking a deal with large-scale solar PV and battery energy storage specialist Wirsol Energy, which already operates a portfolio of Australian projects with a combined capacity of more than 720 MW.

Integrated clean home energy and smart appliances platform lets users run appliances on battery-stored solar energy in pre-determined time frames.

Dutch startup Elestor has secured funds to bring its hydrogen bromide (HBr) flow battery technology closer to commercial production. It said the system could achieve a levelised cost of storage below US$0.05/kW.

Quick and versatile, batteries are providing a growing number of services to homes, businesses, and on the grid. Electricity network operators are beginning to adopt grid-scale batteries, with the initial applications potentially opening the way for renewable energy to flow more freely and across larger distances than ever before.

West Australian company Technology Metals Australia, or TMT, will work with the government-backed Future Battery Industries agency to develop enhanced electrolytes for vanadium redox flow batteries. TMT will provide both the feedstock for the research as well as funding and hopes to eventually leverage the project’s findings.

As Australia’s Climate Change Bill 2022 progresses through parliament, a Senate committee has recommended using wood waste from native forests to generate electricity should no longer be classified as “renewable energy.” It is not yet clear what impact such changes would have on the growing pipeline of Australian ‘biomass’ projects.

Spanish power and gas provider Naturgy has acquired its first PV project in Australia – the Cunderdin hybrid solar + storage project east of Perth in WA. The project is set to be the country’s largest DC-coupled project to date.