Akaysha does revenue swap deal for 300 MWh battery project
The 150 MW/300 MWh Ulinda Park battery project planned for Queensland’s Western Downs region is a step closer to a final investment decision with battery and renewable energy developer Akaysha Energy inking a hedging deal designed to manage revenue-related risks for the estimated $150 million (USD 100 million) project.
The Hydrogen Stream: China starts world’s biggest solar-to-hydrogen site
China’s Sinopec has switched on the world’s largest solar-to-hydrogen project in Xinjiang, while India has unveiled a new plan to incentivize green hydrogen and electrolyzer production.
Green Gravity links with miner to fast track gravity energy storage tech
Australian renewable energy startup Green Gravity has teamed with underground mining contractor RUC to accelerate the commercialisation of its gravitational energy storage technology which rests on moving weighted objects through disused mine shafts.
Genex lands $45 million funding package for pumped hydro and solar and battery projects
Australian renewable energy developer Genex Power has entered into agreements with Japanese electric utility J-Power to receive a multi-million-dollar funding package that will support the delivery of its 2 GWh pumped hydro project in northern Queensland and the development of the 2 GW Bulli Creek solar and battery project in the state’s southeast.
TotalEnergies, Gentari to co-develop 100 MW Queensland solar farm
French oil and gas supermajor TotalEnergies has signed an agreement with Gentari Renewables, the clean energy arm of Malaysia’s state-owned oil company Petronas, to jointly develop a 100 MW solar farm in southwest Queensland.
BlackRock raises $500 million to finance 1,680 MWh Waratah Super Battery
The Australian government’s green bank has tipped $100 million (USD 66 million) in to help fast track the development of the 850 MW/1,680 MWh Waratah Super Battery Project that is set to play a significant role in the nation’s shift from coal-fired generation to renewables.
How much will Australia realistically achieve with its critical minerals?
A panel of experts debated how plausible it is for Australia to enter the battery manufacturing space, and acting-CEO of one of the only companies to produce lithium hydroxide in Australia, IGO, discussed the acute challenges of setting up a refinery onshore during the WA Renewables and Critical Minerals Superpower Summit on Monday.
Powerlink awards early works contract for CopperString project
A $20 million (USD 13.58 million) early works package for the CopperString transmission project that is forecast to unlock 6 GW of renewable energy resources and connect Queensland’s northwest to the national electricity grid has been awarded to CIMIC Group companies UGL and CPB Contractors.
Gentailer upheaval: EnergyAustralia reportedly in talks with Macquarie, Grok cuts AGL stake
The changing hands of Australia’s biggest ‘gentailers’ continues, with Mike Cannon-Brookes’ Grok Ventures reducing its stake in AGL, while Macquarie is reportedly in talks to acquire up to a 50% stake in EnergyAustralia.
CSIRO tests semi-transparent solar film at greenhouses to enhance growth conditions
The CSIRO has run an internal ‘Shark Tank’-style competition which will see it test semi-transparent, printed solar films at its greenhouses to assess whether the technology can be used to enhance crops’ growth and cut emissions.
