Strategic Alliances

After turning down the initial bid last month, Australian developer Genex Power this morning confirmed it will progress with a revised acquisition offer from a consortium of private equity firms led by Skip Capital, belonging to Australian technology billionaire and Atlassian cofounder Scott Farquhar.

A study into exporting green hydrogen from the 8 GW HyEnergy hydrogen Project in Western Australia’s Gascoyne region without an onshore port has found it to be both commercially and technically feasible.

The world’s largest asset manager, US company BlackRock, has acquired Victorian battery storage developer Akaysha Energy and its portfolio of nine projects in the national grid.

French renewables giant Total Eren continues to advance its green hydrogen ambitions in Australia, teaming with the Northern Territory government to develop a massive renewable hydrogen production facility powered by more than 2 GW of solar PV generation in the far north.

Energy ministers from around the country have powered up Australia’s shift from coal and gas to a renewables-based grid with a national agreement to enshrine emissions reductions objectives into laws governing the nation’s energy market.

Local government associations continue to drive Australia’s shift towards renewable energy with councils around the country unveiling a series of clean energy projects, ranging from solar PV and storage installs, to solar panel recycling initiatives and long-term power purchase agreements.

The Australian government’s green bank has inked a landmark agreement with the Queensland government to develop critical transmission and grid infrastructure to connect more than 1.5 GW of renewable energy assets to the National Electricity Market.

Brisbane startup Line Hydrogen today announced a deal with Canada’s Jericho Energy Ventures’ which will see it bring hydrogen boilers to Australia.

Australian renewable energy developer Genex Power has bought Queensland’s Bulli Creek storage project from Solar Choice, saying it plans to develop the site in five stages – the first of which will include a 400 MW / 1,600 MWh big battery.

Bringing on board gas giants APA Group, Inpex Corporation, Osaka Gas and distributor Jemena, AGL and Fortescue Future Industries say their Hunter Valley coal to hydrogen hub conversions could be as large as 2 GW – though the insistence on green hydrogen does appear somewhat muddied by the new partnerships.