Strategic Alliances

Korea Zinc, non-ferrous metal smelting company, has agreed to invest $50 million in Energy Vault, a Switzerland-based gravity storage specialist, in order to use its tech to decarbonise its refining and smelting operations in Australia.

Following approval from the Foreign Investment Review Board in November, the long-awaited sale of grid-operator Spark Infrastructure to a North American consortium led by private equity giant Kohlberg Kravis Roberts has been completed via a $5.2 billion “all-cash transaction”.

Netherlands-based renewables developer Photon Energy has reaffirmed its commitment to Australian tech company RayGen Resources’ innovative ‘solar-hydro’ technology, offloading its majority stake in the 160 MWdc Maryvale Solar Farm so it can focus its future development activities in Australia on large-scale projects featuring the solar-plus-storage technology.

In an unconventional bid to attract large-scale renewable developments, the Queensland government has organised for usually highly confidential solar and wind monitoring data to be made public for the first time through Fulcrum 3D’s technology platforms.

The Australian arm of United States-based multinational food and beverage corporation PepsiCo has made the switch to 100% renewable electricity after partnering with Engie and the owners of the 10 MW Northam Solar Farm in Western Australia’s wheatbelt region to access power purchase agreements.

The Queensland government will explore whether hydrogen fuel cells can be used for heavy freight trains, preceding that news with the launch of what is believed to be the first hydrogen powered police car in the southern hemisphere.

Two of Australia’s most prominent energy players, AGL Energy and Fortescue Future Industries, today announced plans to repurpose infrastructure at AGL’s Hunter Valley coal stations to turn them into green hydrogen hubs.

A consortium including Australian concentrated solar thermal power company Vast Solar has filed to patent a new tank design for thermal energy storage systems. The new design, it says, substantially mitigates the risk of tank failures which have been identified as one of the key shortcomings of the economical storage technology.

Australian hydrogen research and development company, Star Scientific, has announced its technology will be used to provide heat for industrial-scale sanitation in a pilot with Mars Food Australia.

Sydney-based solar pioneer 5B has today announced it will acquire IXL Solar’s Adelaide-based manufacturing business, with pv magazine Australia told the purchase will see 5B buy everything but the name, effective immediately.