The ACT government has unveiled plans to phase out the use of fossil gas in Australia’s capital territory by 2045, with the release of a paper modelling the transition to full electrification of homes and businesses over the coming two decades. In an announcement on Thursday, ACT chief minister Andrew Barr said the move to […]
Enova Energy spared from liquidation by deal with fellow small retailer – EQ Mag Pro
Enova Energy, whose ground-breaking community retailer business was forced into voluntary administration last month as a result of Australia’s energy market crisis, has dodged liquidation through an arrangement with fellow small retailer, Energy Locals. In an update on Wednesday, administrator Simon Cathro said creditors for Enova Community Energy and Enova Energy had voted in favour […]
US firm to build $1.7 bln data centre, large-scale battery in Australia – EQ Mag Pro
MELBOURNE : Private-equity firm Quinbrook Infrastructure Partners said it has won approval to build a data centre worth A$2.5 billion ($1.7 billion) in Australia, that will eventually include one of the largest utility-scale batteries in the country. Houston-based Quinbrook said on Friday it will build a campus for its Supernode project in the state of […]
Wind generation overtakes brown coal in June, in the month of new records: Australia – EQ Mag Pro
Wind generation overtook brown coal to become Australia’s second largest source of electricity generation in June, a month of records for wind including highest ever monthly total production nation-wide. According to the latest data from Rystad Energy’s senior analyst in renewables research, David Dixon, June 2022 was “all about wind,” with all wind assets in […]
Small retailers issue plea for help as fossil fuel price surge claims another victim: Australia – EQ Mag Pro
A collective of small electricity retailers has issued an urgent plea to energy market regulators to intervene and try to prevent the mass collapse of more retailers buckling under the pressure of surging wholesale electricity prices. The joint letter warns of a “liquidity crunch” that has caused the failure of four different energy retailers in […]
ADB, Australia, PNG Partner to Boost Access to Clean, Reliable, and Affordable Power – EQ Mag Pro
MANILA, PHILIPPINES : The Asian Development Bank (ADB) today announced a $305 million project which will support the strengthening and expansion of electricity in Papua New Guinea (PNG). The Power Sector Development Project is supported by loans and grants from ADB and the governments of Australia and PNG and will target five subprojects within the […]
Australian state plans laws to speed up hydrogen production – EQ Mag Pro
SYDNEY : The South Australia government on Tuesday announced plans to push ahead with new legislation that it said would help speed up the production of hydrogen in the state. The new dedicated hydrogen legislation will license and regulate the production of hydrogen in South Australia, Premier Peter Malinauskas said in a statement released at […]
“Apocalyptic”: Industry group’s desperate plea to get Australia off coal and gas – EQ Mag Pro
One of Australia’s largest business groups has issued a plea to the new Albanese government to accelerate the transition to renewables, saying Australia’s reliance on coal has led to “apocalyptic” electricity prices. Australian Industry Group CEO Innes Willox, one of the country’s most vocal opponents of the carbon price during the previous Labor government, says […]
Australian Vanadium Signs Flow Battery Project Development MOU – EQ Mag Pro
Australian Vanadium, a startup looking to establish a vertically integrated vanadium flow battery business, has signed a Memorandum of Understanding (MoU) with developer North Harbour Clean Energy (NHCE). NHCE is focused on developing long-duration energy storage capacity at pumped hydro energy storage (PHES) and vanadium redox flow battery (VRFB) sites, having identified strong fundamental market […]
Hydrogen-powered electric bus to begin trial in Aussie state – EQ Mag Pro
SYDNEY: In a move toward zero-emission technology, the Australian state of New South Wales (NSW) announced on Wednesday that its first testing of a hydrogen-powered electric bus will begin later this year. To test the future fuel source, the government is collaborating with local and national industry sources. According to the Xinhua news agency, bus […]