Hydro Tasmania and buyers Macquarie Group and ERM Power have signed a ‘Virtual Storage’ deal which will see the pumped-hydro company sell the rights to its highest priced periods of ‘discharge’ and buying a fixed MW block of low-priced ‘charge’. The innovative contract is the product of the ARENA-funded Renewable Energy Hub.
As the Smart Energy Council prepares to rollout the first pilot of its green hydrogen certification scheme, CEO John Grimes and consultant Scott Hamilton detailed the international discussions informing its architecture and what’s at stake for Australia’s export future.
The Australian Smart Energy Council and the German Energy Agency, dena, will work together to develop a scheme to certify renewable hydrogen and carbon neutral powerfuels.
Fortescue Metals Group Chairman Andrew ‘Twiggy’ Forrest returned to Western Australia last week after a 4-month worldwide search for green energy projects and resources. One of the deals secured on the trip was a circular partnership with South Korean steelmaker Posco. The deal sees Fortescue supply Posco with iron ore, Posco use said ore to make steel, and Fortescue use said steel for renewable energy projects to make green hydrogen.
The Clean Energy Finance Corporation and Aware Super, one of Australia’s largest superannuation funds, have both committed $80 million to Adamantem Capital, a private-equity fund which requires its target companies to meet strict emissions reduction targets. For the CEFC, this is the beginning of decarbonisation in a part of the economy lagging behind, namely, private equity.
Viva Energy Australia has signed memorandums of understanding with key industry partners would could see its Geelong oil refinery, currently struggling to transition to an LNG terminal, transition into an energy hub featuring solar and hydrogen.
Engie and ammonia producer Yara have published findings from their long-awaited feasibility study into the development of renewable hydrogen and ammonia at Yara’s Pilbara Fertilisers plant. The study has led to development plans for large-scale renewable hydrogen and ammonia development with the first phase, a 10 MW solar farm and electrolyser, already instigated.
The joint-feasibility study into green hydrogen production and trade between Australia and Germany has officially begun, work on what the German Federal Minister of Research has dubbed the “Wasserstoffbrücke,” or “hydrogen bridge”.
Recognising that the major problems facing the world can’t be solved by any one organisation, three New South Wales universities at the peak of renewable-energy research have rewritten the rules of collaboration to influence policymakers and accelerate solutions to market.
The University of New South Wales will lead a consortium of Australian and German researchers and industrial partners in a feasibility study to tease out and provide solutions for the obstacles for the trade of green hydrogen from Australia to Germany.
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