Markets & Policy

New South Wales-based clean energy company MGA Thermal has raised $5.7 million to prove the scale and industrial capabilities of its thermal energy storage technology that stores heat in blocks made largely from aluminium and graphite and dispatches it to generate electricity.

Australian renewable energy businesses and technology manufacturers are in the box seat to play a pivotal role in the Asia Pacific region’s green economy transition but they have been urged to build their understanding of the market landscape so they are equipped to seize the opportunities on offer.

Two major critical minerals projects in Queensland and South Australia are to receive hundreds of millions of dollars in federal government loans as the Commonwealth seeks to deliver the building blocks for a ‘future made in Australia.’

Ireland-headquartered smart energy company GridBeyond plans to expand its operations in “key market” Australia as part of a broader global growth strategy after securing more than $86 million in new funding.

Australian soccer powerhouse Melbourne City FC has teamed with energy major Origin to install a 40 kW rooftop solar system and 13.5 kW battery energy storage system that will help power its newly opened City Football Academy in the Victorian capital.

A volunteer-based community group is using profits generated by commercial and industrial rooftop solar installations to help build a “bridge to the future” as the Illawarra region on the New South Wales south coast transitions its workforce into new employment.

Applications for the first West Australian tender under the Commonwealth government’s recently expanded Capacity Investment Scheme will open mid-year with an initial target of 2 GWh of renewable energy storage projects.

The first access rights for up to 6 GW of new solar, wind and storage capacity in the Central-West Orana Renewable Energy Zone are now on offer as the New South Wales government continues to progress Australia’s first coordinated renewable energy zone to reality.

The Queensland government has committed $2.5 million to progress the development of an “Australian first” solar panel recycling scheme in preparation for the “thousands” of PV panels installed on rooftops and across large-scale solar farms in the state that are approaching end of life.

Australia has firmly established its status as a global leader in residential solar deployment with 35% of all houses having already installed rooftop systems but new data reveals there is almost 50 GW of “untapped PV potential” on residential buildings across the country.