Sims announces plan to sell stake in LMS Energy
Metal recycling company Sims plans to offload its 50% stake in Queensland-headquartered renewable energy group LMS Energy which owns and operates six solar plants and 36 waste-to-energy facilities at landfill sites throughout Australia.
NSW commits $1.5 billion in concessions for green hydrogen projects
Two new green hydrogen projects in New South Wales will share in $64 million (USD 43.25 million) in support as the state government looks to accelerate the development of a hydrogen industry which is projected to attract more than $80 billion in private investment.
Study shows payback times for heat pumps could plunge by 2030
McKinsey & Company says in a new report that payback periods for heat pumps could fall by up to 38% by 2030.
BayWa re to sell PV product distribution business
BayWa AG is strategically realigning BayWa re so it can sell its solar trade business. In the future, the subsidiary will focus on international projects as an independent power producer (IPP).
Weekend read: Dawn of the store-age
Last year was another landmark 12 months for energy storage, with all indicators pointing to a massive surge in demand. Supply chain instability and inflation saw battery prices rise, but the industry demonstrated an ability to swiftly react to geopolitical developments. Marija Maisch examines five trends driving the market.
NSW welcomes a fresh cohort of solar schools
A new cohort of 18 New South Wales (NSW) public schools will receive solar and battery energy storage systems in the latest round of the NSW government’s Smart Energy Schools Pilot Project.
SwitchDin plots DER testing lab to help tackle clean energy transition
Australian energy management software company SwitchDin has announced it will build the Southern Hemisphere’s largest lab dedicated to researching and testing distributed energy resources at its headquarters in the New South Wales Hunter region.
EVO Power, Evergen partner to optimise C&I batteries
Australian energy storage systems provider Evo Power has teamed with battery optimisation technology provider Evergen in a move which aims to make it easier for commercial and industrial-scale battery customers to optimise and monetise their assets.
BMW unveils hydrogen car demonstration fleet
BMW has launched its iX5 Hydrogen vehicle pilot fleet, with plans to start production by the end of the decade. Everfuel and Hy24, meanwhile, have launched a joint venture to accelerate hydrogen development in Scandinavia.
Australia’s critical minerals pipeline valuated at $10 billion
A report from consultancy Climate Energy Finance finds that Australia and New Zealand have a more than $10 billion (USD 6.7 billion) pipeline of investment proposals in resource value-adding critical minerals, including in lithium, nickel, cobalt, vanadium, rare earths, hydrogen electrolysers, green ammonia, and value-added downstream battery developments.
