Soiling – a multibillion-dollar issue
A new report by the International Energy Agency’s Photovoltaic Power Systems Programme (IEA-PVPS) estimates that lost revenue from PV module soiling amounts to more than €3 billion ($4.6 billion) per year – an amount that is only set to increase as PV systems grow larger and more efficient.
Brisbane battery casing startup with ‘tremendous potential’ lands support from ReNu
Queensland-based ReNu Energy will acquire up to a 20% stake in fellow Brisbane company, startup Vaulta, which has developed battery casings designed for reuse and recycling. Vaulta will use the eventual $1 million (USD 700,000) investment from ReNu to scale its manufacturing capability and expand domestic and offshore sales.
Origin grants Brookfield buyout consortium more due diligence time as concerns grow
“Gentailer” Origin Energy has granted the consortium behind its $18.4 billion (USD 12.8b) takeover bid, led by Brookfield Asset Management and US private equity firm EIG Partners, an extra week of exclusive due diligence. Neither reason nor timeline were offered by Origin’s brief ASX statement, fuelling concerns about the highly-priced deal.
Lithium-ion battery cell gigafactory coming to Geelong as US-Australia ties deepen
Geelong is set to become home to a $300 million (USD 210 million) lithium-ion battery gigafactory. Recharge Industries, part of a portfolio from US fund Scale Facilitation, is aiming to start construction by the end of the year, targeting 2 GWh of production annually in 2024 and 6 GWh by 2026. The company is reportedly aiming to produce batteries without using Chinese materials, and appears to be part of a deepening supply chain play between Australia and the US.
UAE energy summit serves as a trial run for COP28
The United Arab Emirates is treating Abu Dhabi Sustainability Week, which includes the World Future Energy Summit, as a trial run before the nation hosts the COP28 climate talks in November.
India installed almost 14 GW of solar in 2022
India installed 13,956 MW of solar between January and December 2022. This included 11.3 GW of utility-scale PV, about 1.9 GW of rooftop solar, and nearly 700 MW of off-grid/distributed capacity.
Albo tips Queensland hydrogen hub to help unlock $50 billion
The Australian government has unveiled a $70 million (USD 49 million) investment to aid the development of a green hydrogen hub in the north Queensland city of Townsville as it looks unlock the benefits of an industry which it says could inject an additional $50 billion (USD 35 billion) into the economy by 2050.
$30 billion Sun Cable crash is a setback but doesn’t spell end of Australia’s renewable energy export dreams
Sun Cable – considered to be the world’s biggest renewable energy export project – announced on Wednesday it had entered voluntary administration following “the absence of alignment” with shareholders.
SwitchDin to share Australian lessons with US-based VPP body
Energy management software company SwitchDin will share lessons learned during Australia’s ongoing transition to a two-way power grid with counterparts in the United States after teaming with a coalition of companies to scale up the use of virtual power plants.
Risen Energy is taking n-type HJT technology mainstream in Australia
Following Risen Energy’s January announcement that the company is starting to mass-produce its n-type heterojunction technology (HJT) hyper-ion solar modules, it has revealed plans to increase production capacity to 15 GW by the end of 2023. Archie Chen, CEO of Risen Energy Australia, says n-type HJT panels will prove the favoured technology over the coming years, facilitating higher performing solar solutions.
