Markets & Policy

Ambitious government targets and commitments by both private and state-owned companies will propel renewable energy installations.

Russian researchers have transmuted poisonous Sosnowsky’s hogweed into high-grade anode material for sodium-ion batteries. The obtained material has a Coulombic efficiency of 87%, which is on par with the best reported results for hard carbons synthesised from other raw materials.

World-beating Australian solar technology company SunDrive has completed a new $21 million (USD 13 million) funding round which will help commercialise its revolutionary solar cell technology that replaces silver with copper to improve solar panel efficiency and reduce costs.

Australian electricity gen-tailer EnergyAustralia will investigate the feasibility of installing a 500 MW/2000 MWh big battery energy storage system adjacent to its 1.4 GW Mount Piper coal-fired power station in New South Wales.

The Western Australia government is partnering with United Kingdom-based electrolyser manufacturer ITM Power and Germany’s Linde Engineering in a $450,000 (USD 278,106) study to develop a business case for the manufacturing of renewable hydrogen electrolysers within the state.

Core Lithium’s Finniss Lithium Project just south of Darwin’s Port opened this week, supplying battery-grade lithium to electric vehicle giant Tesla, among others. Core Lithium plans to open processing facilities at the site by early next year.

Australia-based energy investment manager Quinbrook Infrastructure Partners has sold a 49% stake in a massive $1.9 million (USD 1.2 billion) solar PV and battery energy storage project being developed in the United States to a Dutch pension asset manager.

The off-grid solar sector has shown resilience in the face of pandemic-related challenges, with 70 million people gaining access to electricity from early 2020 to the end of 2021. However, the ability to pay for solar energy kits has taken a hit.

A German startup backed by major European entrepreneurs and brands this week began the first of many strategic acquisitions in Australia, seeking to create a cross-country network and become a ‘one stop shop’ for renewable technologies with a major marketshare. Chris Williams, the founder of Natural Solar and now the CEO of 1komma5’s APAC arm, told pv magazine Australia the goal is to become the “Apple store of energy” – an opportunity he believes is well within reach given the institutional capital and scale behind the German outfit.

On the back of recent capital investment from a Canadian pension fund, NovaSource Power Services has made its first big move in the Australian market with the acquisition of First Solar’s 500 MW of operations and maintenance assets.