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Markets & Policy

Australia ‘open for business’ after climate bill passes parliament

Australia’s federal government has trumpeted the successful passage of legislation enshrining a pledge to slash carbon emissions by 43% by 2030 and to net zero by 2050, saying it provides the certainty that investors have been seeking so they can invest in renewable energy generation, storage and in transmission.

Queensland expected to target to new renewable energy mark

The Queensland government is reportedly considering ramping up its renewable energy target as the state looks to wean itself off coal-fired power on the pathway to net zero emissions by 2050.

IEA predicts global heat pump installs to hit 600 million by 2030

The International Energy Agency says that the deployment of 600 million heat pumps by 2030 could cover 20% of the annual heating requirements of buildings throughout the world.

Redflow targets US market with lithium-ion battery alternative

Australian battery manufacturer Redflow is determined to capitalise on what is describes as an emerging demand for non-lithium-based energy storage technology, announcing it has teamed with United States-based renewables developer Empower Energies to deploy solar and flow battery solutions in North America.

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Tasmania tips $2.5 million into solar irrigation project

Tasmanian farmers are set to turn to solar PV to cut energy costs with the state-owned irrigation authority announcing plans to install solar arrays at up to 13 existing pump station sites around the state, offsetting electricity usage and generating surplus power to be fed back into the grid.

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How to get to 100% emissions-free electricity

The National Renewable Energy Laboratory is exploring different paths to 100% emissions-free electricity in the United States.

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‘New lithium province’: miners find significant lithium potential in WA’s Goldfields

WA company St George Mining has found indications its nickel project in the north-eastern Goldfields of Western Australia could also be home to “significant” amounts of lithium. The discovery sits alongside recent findings from miners Red Dirt Metals, Zenith Minerals and Hancock, Hawthorn Resources.

Spanish giant to invest $4.4 billion in Australian renewables, naming it ‘key market’

Spanish company Iberdrola has committed to investing between €2 billion to €3 billion (AU$2.95b – $4.4b) in renewable projects in Australia, aiming for a 4 GW portfolio here “in the coming years.”

Fortescue’s 2 GW electrolyser factory is just the beginning 

Newly appointed CEO of Fortescue Future Industries Mark Hutchinson has made it clear that demand for green hydrogen has already far outstripped the company’s upcoming 2 GW electrolyser factory in Gladstone, Queensland. The announcement of new investments in green hydrogen plants from Fortescue Future Industries is now expected in the near future.

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Zinc8 to manufacture its first zinc-air batteries in US market

Canadian battery developer Zinc8 Energy Solutions has announced plans to begin battery production in the United States, incentivised by manufacturing production credits in the US Inflation Reduction Act.

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