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”.
Underground hydrogen storage seems to be coming up a lot lately, and with the burgeoning hydrogen industry needing somewhere to store itself, it’s not hard to understand why. One of the countries with the best credentials for the future hydrogen economy is Australia. A newly published report has quantified the country’s “massive opportunity” for underground hydrogen storage.
Fotowatio Renewable Ventures’ (FRV) Australian platform includes 637 MW (DC) in projects already operational or under construction, and a pipeline comprising 7 GW of solar projects and 1.3 GWh of battery storage.
Australian electricity network owner Spark Infrastructure has accepted a $5.2 billion takeover bid from a North American consortium led by private equity giant Kohlberg Kravis Roberts & Co.
Scientists in Canada evaluated the potential of a lesser-known approach to boosting solar generation efficiency. Thermionics uses heat from the sun to generate electricity, and could be combined with photovoltaics to create devices with better than 40% efficiency from a single junction. In their evaluation, the scientists find promising pathways for further research, despite a mountain of challenges that will need to be overcome.
The company being acquired, Azur Space, produces triple-junction space solar cells with an average efficiency of up to 30% and is planning to develop ultra-thin solar cells with up to 35%.
Canadian Solar is pivoting towards energy storage and is preparing to IPO its manufacturing and Chinese solar project activity in China, under the CSI Solar operation, by July.
The Australian Hydrogen Council is making the most of its universal popularity by singing five new Memoranda of Understanding (MoU) with key organisations in the Asia-Pacific and Canada including the Clean Energy Council and Bioenergy Australia.
The Chinese-Canadian company has unveiled a range of high-power modules which are set to go into mass production by early next year. The series includes a commercial and industrial rooftop-dedicated product offering a reported 405 W.
California-based Greentech startup ReCarbon, which recycles greenhouse gases by converting them into hydrogen, is targeting a big Australian investment.
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