Scientia Professor Martin Green is the first Australian to win the prestigious Millennium Technology Prize for transforming the production of solar energy. Scientia Professor Martin Green has been awarded the 2022 Millennium Technology Prize for his leadership in the development of the Passivated Emitter and Rear Cell (PERC) – the world’s most commercially viable and […]
Repurposing Broken Hill mine for renewable energy storage using compressed air – EQ Mag Pro
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced it has conditionally approved $45 million in funding to construct a 200 MW / 1600 MWh fuel-free energy storage facility, developed by Hydrostor Inc, utilising their Advanced Compressed Air Energy Storage (A-CAES) technology and repurposing a disused mine at Broken Hill, […]
Australia can slash emissions 81 pct by 2030 using six existing technologies, report says – EQ Mag Pro
Australia could slash its emissions by 81 per cent by 2030 – almost double the 43% target recently legislated by the federal government – using little else but “off the shelf” technologies, a new report says. The Beyond Zero Emissions report argues that the vast bulk of Australia’s emissions reduction task can be met by […]
Hong Kong real estate fund backs $2 billion of battery and solar projects in Australia – EQ Mag Pro
Renewable energy and battery storage developer Maoneng Group has partnered with a Hong Kong-baed real estate fund manager to secure finance and accelerate some $2 billion of big battery and utility scale solar projects in Australia. The deal with Gaw Capital Partners – described as a private equity firm specialising in real estate and “high […]
No justification for the $10 billion monopoly power bill shock in Australia: IEEFA – EQ Mag Pro
Adopting real – not fake – incentive regulation for monopoly networks will reduce inflationary pressure on household budgets. IEEFA’s recent analysis showed that over the last eight years, Australian power consumers paid nearly $10 billion or $1.2 billion a year more than necessary for ‘poles and wires’ distribution and transmission network services in their power […]
Powered By $100 Million Capital, Bluestar Energy To Pursue Global Greenfield Renewables Development – EQ Mag Pro
Declan Flanagan has launched a new renewable energy investment platform with focus on the US, Australia and European markets Nova Clean Energy is Bluestar Energy Capital’s North American renewables platform that is pursuing wind, solar and storage project opportunities For the Australian market, Bluestar Energy Australia is currently focused on wind power but has plans […]
Australia’s Fortescue: 9.2GW Egypt Green H2 – EQ Mag Pro
Executives from Australia’s Fortescue Future Industries (FFI) on 10 September met with Egypt President Abdel Fattah al-Sisi to discuss the green hydrogen/ammonia plans for which the firm last month signed an MoU. Whilst the initial MoU was sparse on detail (MEES, 2 September), an FFI press release following the meeting with President Sisi says they […]
Big German Asset Manager Buys 400MWh Big Battery Portfolio in Australia – EQ Mag Pro
A major German asset manager Aquila Capital – with more than $14 billion under management and a sizeable renewable energy portfolio – has entered the Australian utility battery storage market by buying a portfolio of projects totalling 220MW and 440MWh. The deal with Spanish company Grupo Gransolar is for three battery energy storage systems (BESS) […]
Naturgy Acquires its First Hybrid PV Solar And Energy Storage Project in Australia – EQ Mag Pro
Naturgy marks an important milestone with this project, representing its first foray in Australia into photovoltaic technology, through a hybrid PV-Battery project, which is the first one of this kind for the company worldwide. The Cunderdin project will be the largest DC-coupled solar PV and battery project to be built in Australia. The company extends […]
Gravity storage start-up says it has “multi gigawatt hour” plans for Australian zinc refiner – EQ Mag Pro
Gravity storage start-up Energy Vault says it has begun site planning for what it now describes as a “multi-gigawatt hour” project for long and short term storage to support the green energy plans for Australian zinc refiner Sun Metals. Energy Vault and Sun Metals sister company Ark Energy announced earlier this year an agreement to […]