Strategic Alliances

A West Australian joint venture seeking to recover high-purity vanadium from a steel industry waste product using a carbon negative process has won the support of the European Union. “We’re not the first people to look at that project, but we’re the first people to look at it through a different lens and use this type of process,” Neometals’ General Manager of Commercial and Investor Relations, Jeremy McManus, told pv magazine Australia. The project, which is still in the early stages, is already been sought out by potential offtakers “desperate to secure green vanadium,” McManus added.

The deal between Fortescue Future Industries and E.ON, one of Europe’s largest energy network operators, will see the Australian company deliver five million tonnes of green hydrogen to Germany, the Netherlands and other European cities by 2030. “For us, it’s a minimum $50 billion expenditure. And that is one I welcome,” Fortescue founder Andrew Forrest said at press conference in Berlin overnight.

Australian fossil fuels giant Woodside will invest in US-based concentrated solar startup Heliogen, supporting its construction of a full-scale concentrated solar thermal demonstration plant in California ahead of a push into Australia.

The world’s largest solar PV and battery energy storage project has locked in renewed political support with the Northern Territory government confirming it will introduce special legislation into parliament this week that will facilitate the development of the giga-scale Australia-Asia PowerLink project.

The Australian arm of U.K.-based global fund manager Octopus Group and the Clean Energy Finance Corporation have added another renewable energy project to their joint venture’s portfolio, announcing they will work with the founders of the Blind Creek Solar Farm near Bungendore in regional New South Wales to deliver the 300MW agri-solar and battery project.

Following the early success of its solar integrated Gannawarra Energy Storage System, Edify Energy has again opted for Tesla Megapack as its preferred battery energy storage system for its combination of storage projects totalling 150MW/300MWh in the Riverina region of New South Wales.

German luxury carmaker Mercedes-Benz has made public its plans partner with Primobius, a 50:50 joint venture between West Australian company Neometals and Germany’s SMS Group. Mercedes has said its intention is to build a 2,500 tonne per year lithium-ion battery recycling plant in southern Germany with Primobius as its technology partner.

Mine sites across Western Australia are decarbonising after Zenith Energy and modular solar pioneer 5B signed an Ecosystem Framework Agreement-Deployment, which will see 5Bs rapidly deployable Maverick solar systems installed along with battery energy storage systems at multiple mine sties.

Fortescue Future Industries and Airbus have formed a partnership, saying they will work together to realise a green hydrogen-based aircraft by 2035.

A joint fund with roughly $125 million from both the Australian and German governments has opened today and is seeking applications from projects across the value chain of renewable green hydrogen.