Strategic Alliances

Brisbane-based battery materials and technology company Novonix has sealed a $45 million (USD 30 million) deal with South Korean battery manufacturer LG Energy Solution that is complemented by an agreement between the two parties to jointly work toward developing high-performance, synthetic graphite anode material for lithium-ion batteries.

Australian hydrogen developer Abel Energy and Spanish energy group Iberdrola are pushing ahead with plans to deliver a 240 MW green hydrogen and green methanol production facility in Tasmania, inking a deal to secure a site for the $1.2 billion (USD 79 million) project.

Australian energy major AGL is pushing ahead with plans to transform its Loy Yang power station site in Victoria into a clean energy industrial hub, announcing it has signed a deal with Solar Recovery Corporation to explore the feasibility of establishing a PV panel recycling facility at the site.

Australian redox-flow battery manufacturer Redflow will build one of the world’s largest zinc-based battery energy storage systems in the United States after inking a multi-million-dollar deal with the California Energy Commission.

Renewables investor Quinbrook Infrastructure Partners has confirmed its focus is on the onshore potential of Sun Cable’s estimated $35 billion (USD 22.76 billion) Australia-Asia PowerLink project that aims to deliver up to 800 MW of renewable energy into Darwin and export solar from Australia to Singapore via a submarine transmission link.

A consortium led by tech billionaire Mike Cannon-Brookes’ Grok Ventures and including green energy investment manager Quinbrook Infrastructure Partners has been successful in acquiring the giant $35 billion Sun Cable renewable energy project.

Australia’s push to become a green hydrogen superpower has gained new momentum with the federal and Queensland governments teaming with consortium partners to deliver $117 million (USD 76 million) to progress a 3 GW renewable hydrogen project being developed near Gladstone on the central Queensland coast.

Australia and India will establish a Green Hydrogen Taskforce, with prime ministers today agreeing to the Taskforce’s terms of reference. The meeting strengthens ties between India and Australia in relation to renewable energy ambitions and manufacturing, with plans extending to critical mineral and solar manufacturing.

Australia and the United States have signed a landmark agreement with the two nations vowing to work collaboratively towards accelerating and expanding clean energy supply chains, renewable energy technologies manufacturing, and critical minerals supply.

Electricity retailer Zen Energy continues to grow its renewable energy portfolio, penning a long-term deal with Greek resources and renewables company Mytilineos to purchase power from its Wagga Wagga South Solar Farm in New South Wales.