Strategic Alliances

Australian clean energy investment firm Providence Asset Group will roll out hydrogen-lithium battery technology at its solar farms after partnering with the Commonwealth Bank to fund a portfolio of 10 community-based solar plants in regional Victoria as part of the group’s larger ambitions to develop up to 40 ~5 MW solar farms across the eastern states.

Singapore-based Sun Cable has unveiled a powerhouse line-up of international engineering and advisory companies to help it deliver the world’s biggest solar PV and battery energy storage project being developed in Australia’s remote far north.

Belgian materials company Umicore has signed a contract with Australia headquartered Vulcan Energy Resources to purchase up to 42,000 tons of lithium hydroxide over a five year period beginning in 2025. The material will be used in Umicore’s production of cathode materials for lithium-ion cell manufacturers.

A new study from researchers at the universities of Lancaster and Reading in the UK has managed to quantify the economic boost provided by the symbiotic relationship between solar farms and honeybee hives.

Fotowatio Renewable Ventures’ (FRV) Australian platform includes 637 MW (DC) in projects already operational or under construction, and a pipeline comprising 7 GW of solar projects and 1.3 GWh of battery storage.

Big rooftop PV systems on factories, warehouses and public buildings need not be limited by ownership issues nor local grid capacity, claims Australian innovator EleXsys Energy. The company is maxing out an Ikea in Adelaide, Australia, with solar and storage. And it claims its smart technology can allow the same to be done elsewhere.

Supermarket giant Coles will be 100% powered by renewable energy in less than four years’ time after the company announced the last of the power purchase agreements needed to meet the ambitious target were signed this week.

Octopus Energy and RES have announced a new partnership under which they plan to invest GBP 3 billion (AU$5.5 billion) in the construction of green hydrogen plants throughout the United Kingdom by 2030.

The French energy group has invested an undisclosed sum in Vietnam’s SkyX Energy. The goal is to install 200 MWp of C&I PV rooftop capacity in the country.

India headquartered multinational Reliance Industries, through its subsidiary Reliance New Energy Solar Limited, yesterday announced the acquisition of Norway headquartered module manufacturer REC Group. The move comes as Reliance pushes forward with its US$10 billion plan to move in on the renewable energy industry, having also this week announced acquisition of a 40% share in EPC provider Sterling & Wilson.