Markets & Policy

South Korea is opening what it claims is the world’s first hydrogen power generation bidding market, while the Queensland government has approved funding to assess water use in Gladstone’s hydrogen industry.

The value of critical minerals companies listed on the ASX has hit $86.2 billion (USD 58.3bn), just scraping above the value of companies within the All Ordinaries Gold Index. Australia risen to the booming demand for these minerals, but experts have urged caution.

As many as 60 renewable energy projects are expected to lodge environmental impact statements in New South Wales over the next 12 to 18 months. As the transition accelerates, the state’s new Energy Minister has told renewable proponents they must substantiate what’s in it for hosting communities.

Samsung and SMA are using a new cloud-to-cloud system that allows PV systems with SMA inverters to be integrated with Samsung heat pumps.

The world installed 239 GW of new solar capacity in 2022, according to SolarPower Europe. The rooftop PV segment accounted for 49.5% of additions – the highest share in the past three years. The rooftop sectors in Brazil, Italy, and Spain grew by 193%, 127%, and 105%, respectively.

Queensland’s government has allocated $19 billion (USD 12.9 billion) to deliver on its energy transition plan, with a heavy focus on public ownership of energy assets. Queensland’s flush financial position was enabled by recent change to increase coal royalties, which injected an extra $10.5 billion into the budget.

Recharge Industries, which had hoped to begin construction on its Geelong lithium-ion gigafactory this year, is reportedly refocusing its manpower on British endeavours. Despite Australia’s growing rhetoric around capturing more of the battery value chain, companies in the space are turning attention overseas.

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

Queensland project developer the Hydrogen Collective has announced it will have green hydrogen available for supply to commercial customers from late 2023 with construction to begin in the coming weeks on a solar-powered production facility to be built at Goondiwindi in the state’s southwest.

As the hunt for more efficient batteries continues, Queensland energy tech company AnteoTech has sharpened its focus on the development of its silicon anode binder technology and pure silicon anode design that it claims can deliver up to a 35% improvement in energy capacity compared to current high energy battery cells.