Sustainability

The Victorian government has opened a new round of funding for a $20 million initiative designed to support projects that create long-term sustainable jobs, increase the uptake of renewable energy generation and drive innovation in new energy technologies.

Australian miner Liontown Resources has declared the way is now clear for construction to commence on its $545 million Kathleen Valley Lithium Project in Western Australia after inking an offtake agreement and $300 million financing facility with global car manufacturing giant Ford Motor Company.

With new modelling by PricewaterhouseCoopers Australia revealing that businesses will spend $3.7 billion on advisory services supporting their transition to a clean economy by 2030, the firm has launched a new unit designed to help facilitate the nation’s successful transition to a decarbonised economy.

The quickening exit of coal-fired generation from Australia’s energy mix – with 60% of capacity expected to be withdrawn from the National Electricity Market by 2030 – has emphasised the need for significant investment in renewable energy generation, storage, transmission, and system services.

Australian energy giant AGL Energy has revealed that Canadian fund manager Brookfield Asset Management has acquired a more than 2.5% stake in the power producer, renewing speculation it may mount a fresh tilt to take over the company.

The Australian Energy Market Operator has declared approximately $12.7 billion of investment in new transmission lines should begin “as urgently as possible” to accelerate the transition to renewable energy and energy storage, replace exiting coal-fired power plants, and deliver a more efficient and effective grid in eastern and south-eastern Australia.

ASX-listed company Vulcan Energy announced a $76 million equity investment from one of the globe’s top five automakers, Stellantis, which owns brands like Peugeot, Citroen, Fiat, Chrysler and Opel. The deal, Vulcan managing director Francis Wedin told pv magazine Australia is one of number in the works as the European market clambers to secure not just lithium, but sustainably produced lithium, from the Aussie company. Wedin explains precisely how the company’s novel lithium extraction method works and why it finally affords properly green credentials a vital battery resource.

The Black Summer bushfires devastated parts of the Eurobodalla region in New South Wales. Then earlier this year, the area was hit by floods. As climate change threatens to bring more severe and frequent extreme weather events, how can we help future-proof such communities?

South Australia’s Flinders University has installed 20 vehicle-to-grid (V2G) chargers to fully utilise the battery capacity of its growing electric vehicle fleet. It plans to use the distributed EV fleet to supply power to the campus grid in the evening. The initiative is supported by $350,000 (USD 220,000) of funding from the state government.

South Australia utility SA Water has energised another solar PV plant as part of a $300 million solar investment designed to save on both costs and carbon. switching on a 10.3 MW solar system at its Rocky Gully pump station near Murray Bridge in the state’s south-east.