Unprecedented volatility in global commodity markets, disruption to logistics and supply chains, and unrelenting growth has driven up the cost of Li-ion batteries since the middle of 2021. Sam Wilkinson and Oliver Forsyth of IHS Markit expect to see rapid manufacturing expansion that will still struggle to keep up with demand, and ultimately lead to the establishment of a smaller group of battery-makers specialized in supplying stationary energy storage systems.
The New South Wales government has moved to smooth the way for the development of large-scale solar farms in the state as the energy sector continues to transition from fossil-fuel generation towards renewables-based electricity.
The Western Australia government will fast-track an assessment of new and existing demand for renewable energy across the state’s main electricity network as it continues the transition to a low-emissions future.
Last week, federal Climate and Energy Minister Chris Bowen officially put fuel efficiency standards on the national agenda, saying the measure would reduce transport emissions and encourage electric vehicle uptake.
Australia’s Provaris Energy, formerly known as Global Energy Ventures, has had its 2.8 GW Tiwi Island’s green hydrogen project awarded Major Project Status by the Northern Territory government.
India has surpassed 10 GW of overall renewables capacity installed for offtake through open access.
Australia’s peak union body has called for the federal government to establish a national energy transition authority to help manage the shift from coal to a grid dominated by renewables.
The Australian government will seek to introduce vehicle fuel efficiency standards to help get more electric vehicles into the domestic market and improve affordability of as part of a push to encourage more people to take up the low-emissions cars.
As community opposition to overhead transmission line grows, the Victoria-based Energy Grid Alliance has released a report imploring the energy industry to better understand why the phenomenon is gaining momentum – positing the ‘talk to them early and pay them more’ approach will only further decay the situation. Instead, the group says real attention needs to be paid to social license and ensuring environmental and socioeconomic impacts of chosen transmission corridors are considered from the get-go.
ROTH Capital Partners reports 3 GW have been seized under enforcement of the Uyghur Forced Labor Prevention Act.
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