Fortescue moves forward with hydrogen project in Prince George
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.
1 GW North Queensland hydrogen project gains a new international partner
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.
Report exposes Australia’s biggest fossil fuel subsidy and how mining industry could be better served
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.
ACEN to triple its investment in Australian renewables to $6 billion
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.
Photon approaches FID with RayGen plant in South Australia
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.
WA lithium miner backs US giant’s $6.6 billion takeover bid, sparks unusual trading activity
The board of Australian lithium developer Liontown Resources has backed a refreshed $6.6 billion (USD 4.3 billion) bid from US company Albemarle Corp., the world’s largest lithium producer. Since then, Liontown has seen a massive spike in trading, with speculation about it being linked to Australia’s richest person.
WA, Indonesia strengthen ties around critical minerals
Western Australia has signed an agreement to bolster its relationship with Indonesia around critical minerals and clean energy manufacturing – with both regions among the world’s leading producers for particular minerals.
Commercial rooftops to be injected with 50 MW of solar, 300 MW of batteries in new C&I partnership
Industrial property giant ESR has signed a partnership deal with C&I solar company Solar Bay. The pair say it will see $500 million (USD 318 million) spent over the next decade to deliver up to 50 MW of solar, 300 MW of battery storage capacity and EV charging infrastructure.
Low-cost, ‘graphene-enhanced’ perovskite solar cells to be produced in funded Wagga Wagga project
Two Australian companies working in solar R&D have been awarded over $2 million (USD 1.3 million) for a project seeking to commercialise ultra-low-cost, flexible perovskite solar cell fabrication. The solar cells will be “graphene-enhanced” and are to be produced in Halocell’s Wagga Wagga plant in NSW.
New funding deal sees focus shift for Marinus Link
The initial capacity of the proposed Marinus Link transmission project, that would connect Tasmania and the Australian mainland via an undersea electricity interconnector, has been reduced by 50% as part of new funding arrangements announced by the federal and state governments.
