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