Strategic Alliances

Vanadium explorers Technology Metals Australia and Australian Vanadium Limited will look to accelerate the development of the critical battery mineral in Western Australia after agreeing to a merger of their adjoining projects in the state’s mid-west.

Economic modelling published by independent think tank Beyond Zero Emissions shows that establishing clean industry hubs and servicing them through shared infrastructure such as transmission lines could save Australian taxpayers millions.

Australia’s biggest coal miner has inked a major renewable energy deal that will utilise solar, wind and pumped hydro to provide about half the forecasted electricity demand of its central Queensland operations.

Startup accelerator EnergyLab is showcasing its 2023 cohort of promising climate tech startups this morning. Ahead of the launch, pv magazine Australia caught up with participants Energy Synapse and PowerPlay.

Brisbane-based flow battery company, Redflow, has inked $4.4 million a deal with the US Department of Defence to deliver a prototype microgrid at a New York state airbase, with up to 1.4 MWh of zinc-bromide battery storage.

Fortescue Future Industries (FFI), owned by mining giant Fortescue Metals, has submitted a proposal for a green hydrogen and ammonia production facility project in Canada’s British Columbia. Dubbed ‘Project Coyote’ the facility would be located in the city of Prince George in the centre of the Canadian province.

Japanese company IHI Corporation, which specialises in green ammonia technology to decarbonise industry, has joined the consortium of companies developing the green hydrogen hub HyNQ – North Queensland Clean Energy Project.

A new report by Climate Energy Finance has revealed Australia’s diesel Fuel Tax Credit Scheme disincentivises growth in future industries and will cost taxpayers $37 billion (USD 23.8b) in lost tax revenue by 2030. The report also illustrates how capping these rebates represents a multifaceted advantage for Australian manufacturing of low and zero-emission mining vehicles.

Philippines-based AC Energy Corporation (ACEN) has confirmed plans to up its investment in Australia over the next three years to $6 billion (USD 3.86 billion). The company has been highly active in the Australian market this year, and with its increased investment is seeking to bring a further 3 GW of new renewable capacity online.

Dutch company Photon Energy is developing a project with 200 MW of solar coupled with 115 MW and up to 24 hours of thermal storage in Yadnarie using RayGen technology. Photon Energy hopes to reach a final investment decision (FID) on the Yadnarie project on South Australia’s Eyre Peninsula by about the middle of next year.