Brisbane battery casing startup with ‘tremendous potential’ lands support from ReNu
Queensland-based ReNu Energy will acquire up to a 20% stake in fellow Brisbane company, startup Vaulta, which has developed battery casings designed for reuse and recycling. Vaulta will use the eventual $1 million (USD 700,000) investment from ReNu to scale its manufacturing capability and expand domestic and offshore sales.
Lithium-ion battery cell gigafactory coming to Geelong as US-Australia ties deepen
Geelong is set to become home to a $300 million (USD 210 million) lithium-ion battery gigafactory. Recharge Industries, part of a portfolio from US fund Scale Facilitation, is aiming to start construction by the end of the year, targeting 2 GWh of production annually in 2024 and 6 GWh by 2026. The company is reportedly aiming to produce batteries without using Chinese materials, and appears to be part of a deepening supply chain play between Australia and the US.
SwitchDin to share Australian lessons with US-based VPP body
Energy management software company SwitchDin will share lessons learned during Australia’s ongoing transition to a two-way power grid with counterparts in the United States after teaming with a coalition of companies to scale up the use of virtual power plants.
Governments upbeat about Sun Cable project despite financing feud
The Northern Territory government remains upbeat about the future of the $30 billion-plus (USD 20.7 billion) Australia-Asia PowerLink project despite the company behind what would be the world’s biggest solar and energy storage project having abruptly entered voluntary administration.
Mytilineos advances Australian solar ambitions with major finance package
A 110 MWp Queensland solar farm that is fully constructed and currently undergoing hold-point testing is one of a trio of PV assets that Greece-based industrial conglomerate Mytilineos has secured finance for as it looks to further establish its position in the Australian renewable energy market.
Commercial landlord begins battery foray following major solar rollout
Major shopping centre landlord, Vicinity Centres, has teamed up with Enel X to potentially deploy up to 50 MWh of cumulative energy storage capacity. The partnership kicks off with two battery fit outs in Victoria and New South Wales, and follows a $73.2 million (USD 50 million) solar rollout across Vicinity’s shopping centres.
OpenSolar to boost online PV platform capability with $22 million injection
Australian software company OpenSolar plans to speed the development of its free online solar design and sales platform and drive customer expansion globally after securing a funding injection of more than $22 million (USD 15 million).
Governments unite on $7.8 billion transmission investment
The federal and New South Wales governments have combined on a landmark $7.8 billion (USD 5.25 billion) investment to help finance the development of eight critical transmission and renewable energy zone projects as they look to accelerate Australia’s clean energy future.
Hydrogen production set for Tasmania
As Australia’s hydrogen project pipeline doubles in 12 months, Iberdrola announces investment in a green hydrogen and green methanol production plant in Tasmania. Meanwhile, projects in Scandinavia target the shipping industry.
SA solar-plus-battery project energised in ‘fast’ mid-scale push across NEM
The 5 MW Woods Point Solar and Storage Farm in South Australia is open – it is one of three identical solar storage projects being commissioned by SEI and Yes Group in December, and part of a much larger mid-scale play.
