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Markets & Policy

Another lithium mine approved in the Northern Territory

The Northern Territory government has granted the final approvals for Core Lithium’s BP33 underground lithium mine, part of the company’s ongoing operations in Darwin.

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Australian gravity storage startup begins constructing R&D facility and digital twin in Port Kembla

Australian gravity storage startup Green Gravity will build an R&D facility Bluescope’s Port Kembla Steelworks. The company is aiming to prove its technology, which rests on moving weighted objects through disused mine shafts, via the facility with construction to begin this month.

India to join Germany’s green hydrogen strategy update

India will use its internal market to scale up hydrogen projects, with Germany as a possible export destination. As part of a broader strategy, the countries will collaborate on a financial and technological level on energy transition projects.

WA plans bigger batteries as 200 MWh Kwinana system is put to test

The first large-scale battery storage project connected to Western Australia’s main grid has only just commenced operational testing and already plans are in place to build an even bigger battery at the site as the state government seeks to harness surging rooftop solar resources to meet its power needs as it prepares to dump coal power.

Electricians urge feds to look to future with energy incentives

The Australian government has been urged to “look to the future” when establishing the parameters for a $1 billion (USD 670 million) funding package that will offer low-cost finance for people wanting to upgrade their home’s energy efficiency with products such as solar panels and high-performing electric appliances.

Weekend read: Indonesia’s race to net zero

Coal-dependent Indonesia has huge solar potential but progress toward a net zero economy has been sluggish, explain Daniel Kurniawan and Fabby Tumiwa from the Institute for Essential Services Reform (IESR), an Indonesian thinktank.

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Why Australia needs friends (and a climate AUKUS) to reach its climate goals

AUKUS has been widely hailed as Australia’s largest-ever defence investment and the Quad as a new focus for defence strategy – but what do they mean for our energy landscape? SMA’s Joshua Birmingham argues it’s time to look beyond defence cost and grow our relationships to fight the climate change war.

Territory targets ‘renewable energy hub’ with budget spend

The Northern Territory government has committed $12 million (USD 8.05 million) in its latest budget to accelerate the development of a “sustainable” industrial hub that will be largely powered by renewables as it looks to continue the overhaul of its electricity system.

Malaysia opens its renewable energy market to PPAs, cross-border trade

The Malaysian government is developing a new strategy to expand renewable energy use in the country and also boost the domestic renewable energy industry.

Australia to invest $2 billion in hydrogen

The Australian government has presented its 2023-2024 budget, with $2 billion (USD 1.35 billion) to be invested in hydrogen, while Austria, Germany, and Italy said they have started moving forward on a southern hydrogen corridor from North Africa to Northern Europe.

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