Markets & Policy

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.

New South Wales is seeking 2,500 GWh of annual generation and 600 MW of long-duration storage for its first tender, part of realising its ambitious NSW Electricity Infrastructure Roadmap.

Brisbane-based bioenergy company LGI Limited has listed on the ASX, seeking to raise $25 million for expansions, including fitting sites with batteries capable of playing on spot markets. For the company’s founder, Adam Bloomer, the role of bioenergy in Australia only makes real sense when limited to waste. “If it’s is not a waste stream, I think you’re barking up the wrong tree,” he tells pv magazine Australia.

Australian gas company APA Group has signed a third offtake agreement for its 88 MW Mica Creek Solar Farm, currently under construction in Queensland’s mining hub.

BMW Group said it is targeting the premium segment with its iX5 Hydrogen car, Topsoe revealed that it will invest US$267 million (AU$392m) to build the world’s largest SOEC electrolyzer plant in Denmark, and Bosch announced plans to invest US$200 million (AU$292m) in US fuel cell production.

Aspiring green hydrogen manufacturer Countrywide Hydrogen will explore solar-to-hydrogen co-development opportunities in the island state of Tasmania after inking a deal with large-scale solar PV and battery energy storage specialist Wirsol Energy, which already operates a portfolio of Australian projects with a combined capacity of more than 720 MW.

Integrated clean home energy and smart appliances platform lets users run appliances on battery-stored solar energy in pre-determined time frames.

Dutch startup Elestor has secured funds to bring its hydrogen bromide (HBr) flow battery technology closer to commercial production. It said the system could achieve a levelised cost of storage below US$0.05/kW.

Quick and versatile, batteries are providing a growing number of services to homes, businesses, and on the grid. Electricity network operators are beginning to adopt grid-scale batteries, with the initial applications potentially opening the way for renewable energy to flow more freely and across larger distances than ever before.