Strategic Alliances

India will use its internal market to scale up hydrogen projects, with Germany as a possible export destination. As part of a broader strategy, the countries will collaborate on a financial and technological level on energy transition projects.

The Australian government has presented its 2023-2024 budget, with $2 billion (USD 1.35 billion) to be invested in hydrogen, while Austria, Germany, and Italy said they have started moving forward on a southern hydrogen corridor from North Africa to Northern Europe.

Chinese inverter and storage company Sungrow and Australian developer Green Gold Energy have signed an agreement to collaborate on “at least” 500 MWh of battery storage projects within the next three years – most to all of which will be DC-coupled. Relatively new to Australia’s grid-connected battery landscape, DC-coupled batteries will soon be able to trade on lucrative FCAS markets thanks to imminent rule changes, providing a firmer foothold for the technology in Australia.

Chinese solar and storage technology manufacturer Sungrow has strengthened its commitment in Australia, inking new distribution agreements that will deliver at least 550 MWh of the company’s energy storage system solutions and 250 MW of its inverters into the Australian market.

Swiss solar module maker Meyer Burger plans to grab a share of the booming Australian PV market, announcing it will start selling a series of high-performance solar panels that the company says deliver higher energy yields when compared to conventional technologies.

The New South Wales government has tapped the ACE Energy consortium as the “first ranked proponent” to fill the network operator role for Australia’s first coordinated renewable energy zone that will host at least 3 GW of solar, wind and storage capacity.

Greek renewables developer Mytilineos has acquired a 15% stake in the Rosedale Green Hydrogen project, which aims to build a 800 MW solar farm next to a 560 MW hydrogen production plant at roughly the midpoint between Melbourne and Sydney on a major trucking corridor.

Australian start-up Novalith Technologies has raised $23 million to accelerate the development of its novel lithium extraction process that uses carbonated water in place of sulfuric acid to isolate and extract battery grade lithium from resource deposits.

Australian company Pure Hydrogen will showcase its ‘Taurus’ hydrogen fuel cell prime mover at the Brisbane Truck Show in May. The demonstration will be immediately followed by a trial at PepsiCo Australia, which will use the truck at one of its Brisbane manufacturing sites.

Australian mining and processing company IGO and billionaire Andrew Forrest’s Wyloo Metals will progress plans to build the nation’s first integrated battery material facility in Western Australia after the state government approved the allocation of land for the up to $1 billion project.