Key contracts awarded for 120 GWh pumped hydro project
The Queensland government has awarded two key contracts for what it says will be the largest pumped hydro energy project in the world, with the proposed 5 GW/120 GWh Pioneer-Burdekin pumped hydro energy storage system to form a cornerstone of the state’s energy transition.
New report calls Macquarie Group’s climate commitment into question
Macquarie Group’s commitment to the global transition to net zero emissions by 2050 has come under scrutiny with a new report uncovering billions of dollars in undisclosed exposure to oil and gas projects.
Australia and China strengthen hydrogen cooperation
China’s deputy head of the National Development and Reform Commission is reported to have recently met with Andrew Forrest, founder and executive chairman of Fortescue.
IRA poses ‘real risk’ for Australia in global green hydrogen race
With less than 60 days remaining until the next raft of clean energy incentives outlined in the United States’ Inflation Reduction Act take effect, former Reserve Bank of Australia deputy governor Guy Debelle has warned the legislation poses a “material threat” to Australia’s push to become a green hydrogen superpower.
Japanese gas giant to lead Darwin ‘clean’ hydrogen study
Japanese oil and gas giant Inpex has been jointly awarded a $1 million (USD 670,000) grant by the Australian government to conduct a feasibility study into the growth potential of a ‘clean’ hydrogen market in the Northern Territory.
Novonix does $45 million deal with LG Energy Solution
Brisbane-based battery materials and technology company Novonix has sealed a $45 million (USD 30 million) deal with South Korean battery manufacturer LG Energy Solution that is complemented by an agreement between the two parties to jointly work toward developing high-performance, synthetic graphite anode material for lithium-ion batteries.
Philippines publishes list of qualified bidders for 11.6 GW renewables auction
The government of the Philippines is set to hold the country’s second renewables auction on June 19.
Cambodia to scrap rooftop PV capacity charge, introduce new tariffs
Cambodia’s Ministry of Mines and Energy has published a document outlining principles to permit the use of rooftop PV. The new policy replaces a monthly capacity fee for rooftop systems, with a tariff calculated based on an intricate formula.
Brookfield flags $30 billion investment, ‘public benefits’ of Origin decarbonisation to ACCC
The Brookfield consortium looking to acquire Origin Energy has lodged its merger application with the ACCC, arguing the takeover is in the national interest since it will accelerate Australia’s decarbonisation. The application also flags investment figures as high as $30 billion (USD 20 billion), up from the $20 billion previously flagged.
Saltwater redox flow battery with integrated ultracapacitor
US-based Salgenx says it has successfully integrated ultracapacitors with its saltwater redox flow batteries, resulting in significantly better power response and system performance.
