Albanese announces $2 billion boost to critical mineral financing
The Australian government has doubled the amount of federal financing available for critical minerals projects to $4 billion (USD 2.56 billion) as it looks to shore up supply chains with the United States, deliver on emissions reduction targets, and build clean energy industries.
pv magazine team in town for All-Energy Australia 2023
With the All-Energy Australia 2023 exhibition and conference commencing in Melbourne today, the pv magazine team is on hand to take in the latest from the renewable energy industry.
ClearVue teams with Alpha Investment to commercialise solar glass tech
Solar glass manufacturer ClearVue Technologies is poised to accelerate its global expansion plans and further the commercialisation of its technology after locking in a $30 million (USD 19 million) funding facility with Australian fund manager Alpha Investment Partners.
Government steps in to finance major lithium project after Rinehart collapses $6.6 deal
Government agency Export Finance Australia will provide $220 million (USD 140 million) to help finance Liontown’s Kathleen Valley Lithium project after involvement from Australia’s richest person, mining magnate Gina Rinehart, caused its giant Albemarle deal to collapse.
Australia labelled world’s ‘most volatile’ electricity market
Australia’s power market is experiencing the most pricing fluctuations of anywhere in the world, according to research from Rystad Energy. This volatility is a result of unplanned coal plant outages, natural disasters impacting transmission lines, and high solar penetration pushing down midday prices.
Hysata to join Prime Minister in US to explore IRA opportunities
Leaders from Australian hydrogen startup Hysata are joining Prime Minister Anthony Albanese on his four-day visit to the US to meet President Joe Biden. Hysata is commercialising a hydrogen electrolysis breakthrough that claims to improve efficiency by 20%.
Victorian-manufactured hydrogen gen-sets to provide backup power for five Telstra towers
Victorian hydrogen company Energys has unveiled its third-generation, locally-manufactured Hydrogen Fuel Cell Generators, five of which are to provide backup power for Telstra’s remote telecommunications towers as part of a Victorian pilot. The company says it is already constructing a green hydrogen generation plant too, supported by funding from the Victorian government.
Flexible demand standards for pools introduced in the US
To help balance variable renewable generation, California has set flexible demand standards for pool controls. The standards will help the state achieve its target of 7 GW of load flexibility by 2030 while saving consumers money.
Aiko Solar presents 24.0%-efficient solar modules
The Chinese manufacturer presented its AIKO-A-MAH72Mw, AIKO-A-MAH54Mb and AIKO-A-MAH54Mw modules at the Fintec event in Barcelona. The new products rely on the company’s all-back-contact (ABC) cell technology and feature a temperature coefficient of -0.26% per C.
Traditional owners sign renewable energy deal with Rio Tinto
Traditional lands owners in Western Australia’s Pilbara region have signed an agreement with mining giant Rio Tinto to collaborate on large-scale renewable energy projects as the resources heavyweight powers up efforts to decarbonise its supply chain.
