Singapore

A consortium led by tech billionaire Mike Cannon-Brookes’ Grok Ventures and including green energy investment manager Quinbrook Infrastructure Partners has been successful in acquiring the giant $35 billion Sun Cable renewable energy project.

Scientists in Singapore have developed a methodology to calculate the levelised cost of hydrogen in green hydrogen facilities powered by photovoltaics, emphasising the need for a levelised cost of storage (LCOH) below USD 10/kg ($15/kg) to enable green hydrogen to compete with grey, blue, and orange hydrogen in the current technology landscape.

Australian renewable energy developer MPower plans to step up its activities after establishing a funding relationship with international investment firm Singapore outfit Ampyr Energy that will help finance the growth of its portfolio of mid-scale solar power and battery energy storage projects.

The sale of renewable energy developer Sun Cable, which is aiming to deliver the world’s biggest intercontinental solar and storage project in northern Australia, has received initial takeover offers from multiple investors, including prospective buyers that aren’t existing shareholders in the project.

Malaysian researchers have developed a system that can absorb heat from PV modules and transmit it to a nanofluid, in order to transform it into thermal energy and use it for different applications. The panels have an overall efficiency of 89%.

Singapore-based vanadium redox flow battery maker VFlowTech has raised $14.4 million (USD 10 million) as part of a Series A funding round. It will use the capital to set up a 200 MWh vanadium flow battery factory for the production of its 250 kWh product.

Sembcorp Industries has connected a 285 MWh battery storage system to the grid on Jurong Island, Singapore. It is reportedly Southeast Asia’s largest energy storage system, featuring 800 large-scale lithium iron phosphate (LFP) batteries.

Sun Cable, the company behind the world’s largest solar and storage project, has officially gone up for sale after entering voluntary administration in January. Its administrator, FTI Consulting, is seeking binding offers of acquisition or recapitalisation by the end of April with a deal to be finalised by May’s end.

The Northern Territory government remains upbeat about the future of the $30 billion-plus (USD 20.7 billion) Australia-Asia PowerLink project despite the company behind what would be the world’s biggest solar and energy storage project having abruptly entered voluntary administration.

Sun Cable, the developer of the world’s largest solar and battery project, backed by two of Australia’s most powerful energy players – Andrew Forrest and Mike Cannon-Brooks – has entered voluntary administration. It is not yet clear what this will mean for the company’s hallmark project, the Australia-Asia PowerLink, though the company’s executives appear optimistic.