Strategic Alliances

The Australian arm of UK-based global fund manager Octopus Group has announced it will partner with Indigenous communities on plans for renewable energy projects it says could attract investments of as much as $50 billion over the next decade.

The Australian government’s green bank has announced the launch of its first specialist fund manager as it looks to increase the amount of investment capital available for clean energy start-ups that can help achieve net zero emissions.

Two of Australia’s most prominent energy players, Fortescue Future Industries and oil and gas giant Woodside Energy have been included on a shortlist of potential development partners for a proposed 600MW green hydrogen production and export facility planned for New Zealand’s South Island.

A group of New South Wales local councils have banded together to secure a power procurement agreement with solar-focused electricity retailer Mojo Power that they say will allow them to satisfy the electricity demands of their major infrastructure with 100% renewable energy while providing a path for participants to reduce their overall emissions.

In battery storage, there is no silver bullet chemistry type and as we move towards more ambitious decarbonization goals, room is being made for diverse systems. As an old technology with new vitality, zinc-based batteries are edging closer to commercialization, leveraging their unique ability to be configured for short and long duration operation. They are safer, longer lasting and, in some cases, reportedly up to 50% cheaper than lithium-ion batteries and, following recent game-changing advances, the prospects for zinc look much more exciting. pv magazine sat down with the manager of the newly established, global Zinc Battery Initiative, Josef Daniel-Ivad, to discuss the technology’s market position and developments.

The company behind bill management platform 1bill on Monday announced it will invest more than $2 million in the energy software company Accurassi. The investment will see Accurassi build a platform for energy retailers to accelerate the transition to green energy.

Gelion’s zinc-bromide Endure batteries will undergo commercial tests at the 1.2 MW Montes del Cierzo testing field Spanish renewable energy company Acciona Energía operates in Navarra, in the north of Spain.

U.S.-based hydrogen vehicle maker Hyzon has announced Melbourne will soon be home to its Australian headquarters as part of a newly formed partnership with RACV, which will see the pair develop a purpose-built facility for Hyzon out of RACV’s Noble Park operation in the city’s south east.

Australian oil and gas exploration and development company Elixir Energy has signed a memorandum of understanding with the Mongolia Green Finance Corporate to support financing for the first phase of a proposed green hydrogen project planned for the South Gobi region of the East Asia nation.

Long thought of as adversaries to renewable energy, fossil fuel assets and infrastructure also present opportunities for solar, its green-hydrogen output, and smart energy storage. Natalie Filatoff reports on the opportunities and approaches the miners are taking.