Oceania

Greek industrial and energy giant Mytilineos expects the 40 MW Kingaroy Solar Farm being built in southeast Queensland will be operational before the end of the year following the formal execution of a long-term offtake agreement with SmartestEnergy Australia.

South Korea is opening what it claims is the world’s first hydrogen power generation bidding market, while the Queensland government has approved funding to assess water use in Gladstone’s hydrogen industry.

The value of critical minerals companies listed on the ASX has hit $86.2 billion (USD 58.3bn), just scraping above the value of companies within the All Ordinaries Gold Index. Australia risen to the booming demand for these minerals, but experts have urged caution.

As many as 60 renewable energy projects are expected to lodge environmental impact statements in New South Wales over the next 12 to 18 months. As the transition accelerates, the state’s new Energy Minister has told renewable proponents they must substantiate what’s in it for hosting communities.

The Hazelwood big battery has been commissioned at the site of the retired Hazelwood Power Station in the Latrobe Valley, Victoria. A collaboration between Engie, Eku Energy and Fluence, the 150 MW battery claims a number of Australian firsts.

Queensland’s government has allocated $19 billion (USD 12.9 billion) to deliver on its energy transition plan, with a heavy focus on public ownership of energy assets. Queensland’s flush financial position was enabled by recent change to increase coal royalties, which injected an extra $10.5 billion into the budget.

Recharge Industries, which had hoped to begin construction on its Geelong lithium-ion gigafactory this year, is reportedly refocusing its manpower on British endeavours. Despite Australia’s growing rhetoric around capturing more of the battery value chain, companies in the space are turning attention overseas.

Queensland project developer the Hydrogen Collective has announced it will have green hydrogen available for supply to commercial customers from late 2023 with construction to begin in the coming weeks on a solar-powered production facility to be built at Goondiwindi in the state’s southwest.

As the hunt for more efficient batteries continues, Queensland energy tech company AnteoTech has sharpened its focus on the development of its silicon anode binder technology and pure silicon anode design that it claims can deliver up to a 35% improvement in energy capacity compared to current high energy battery cells.

Electric vehicles (EVs) are expanding at a fast pace in several of the world’s largest markets. This is being driven by governments and automakers who are promoting electricity powered vehicles as a key technology to curb fossil fuel use, fight climate change and air pollution, but rapid EV uptake is also creating challenges for the grid.