New report calls Macquarie Group’s climate commitment into question
Macquarie Group’s commitment to the global transition to net zero emissions by 2050 has come under scrutiny with a new report uncovering billions of dollars in undisclosed exposure to oil and gas projects.
Australia and China strengthen hydrogen cooperation
China’s deputy head of the National Development and Reform Commission is reported to have recently met with Andrew Forrest, founder and executive chairman of Fortescue.
IRA poses ‘real risk’ for Australia in global green hydrogen race
With less than 60 days remaining until the next raft of clean energy incentives outlined in the United States’ Inflation Reduction Act take effect, former Reserve Bank of Australia deputy governor Guy Debelle has warned the legislation poses a “material threat” to Australia’s push to become a green hydrogen superpower.
Japanese gas giant to lead Darwin ‘clean’ hydrogen study
Japanese oil and gas giant Inpex has been jointly awarded a $1 million (USD 670,000) grant by the Australian government to conduct a feasibility study into the growth potential of a ‘clean’ hydrogen market in the Northern Territory.
Novonix does $45 million deal with LG Energy Solution
Brisbane-based battery materials and technology company Novonix has sealed a $45 million (USD 30 million) deal with South Korean battery manufacturer LG Energy Solution that is complemented by an agreement between the two parties to jointly work toward developing high-performance, synthetic graphite anode material for lithium-ion batteries.
Melbourne factory installs 1.45 MW rooftop solar system
Building materials company Etex Australia has installed a 1.45 MW rooftop system on its factory in Altona in southwest Melbourne.
Octopus plans giant Queensland energy park with 400 MWh battery, 175 MW solar acquisition
Octopus Australia has acquired a 175 MW solar and 400 MWh battery project in Queensland’s Western Downs region. It plans to integrate these assets with its newly commissioned 180 MW Dulacca Wind Farm to create one of Australia’s largest multi-technology renewable energy parks.
Brookfield flags $30 billion investment, ‘public benefits’ of Origin decarbonisation to ACCC
The Brookfield consortium looking to acquire Origin Energy has lodged its merger application with the ACCC, arguing the takeover is in the national interest since it will accelerate Australia’s decarbonisation. The application also flags investment figures as high as $30 billion (USD 20 billion), up from the $20 billion previously flagged.
Researchers identify 14 feasible pumped hydro sites in North Queensland
Griffith University researchers have developed a tool to identify sites for pumped hydro storage projects. Using North Queensland to demonstrate the tool, the researchers identified 14 potentially feasible sites in the region where the LCOE ranged between $0.04/kWh – $0.27/kWh.
Hitachi battery replaces diesel generators on Victoria’s Phillip Island
Phillip Island off Victoria’s southern coast has switched on a 5 MW/10 MWh lithium-ion phosphate battery to support the island’s grid during peak tourism periods.
