Sydney : Australia’s energy transition is well under way. Some 3 million households have rooftop solar and sales of medium-sized electric cars are surging.But as we work towards fully electric households powered by renewable energy, have we overlooked a key enabling technology, the humble electric water heater? About half of Australian households use electric water […]
EV Demand Boosts Lithium Exports, Australia’s Lithium Exports Set to Rival Coal by 2028 – EQ Mag
As the world gradually transitions from fossil fuels to clean energy, the demand for lithium, a critical component in lithium-ion batteries, has skyrocketed. Australia estimates that within five years, the revenue generated from lithium mining will equal that of thermal coal. New projections by the Australian government indicate that by 2027–2028, the nation’s lithium production […]
Australia’s big hydrogen push could catalyse industry, experts say – EQ Mag
SYDNEY : Australia’s new plans to boost investment in renewable hydrogen production could be a catalyst for more clean energy projects, industry leaders and experts said, as the country races to cut carbon emissions and grow alternative power resources. Prime Minister Anthony Albanese’s Labor government announced a A$2 billion ($1.4 billion) “Hydrogen Headstart” programme in […]
Forrest a likely winner from budget’s $2b hydrogen fund – EQ Mag
Andrew Forrest is shaping up as one of the budget’s biggest winners after Labor announced a $2 billion plan to drive down the cost of producing green hydrogen and help accelerate the nation’s promised renewables industrial revolution. In the first direct response to the Biden administration’s behemoth Inflation Reduction Act, Labor said it will also […]
Australia’s biggest pension funds raise investment in fossil fuels, activist group says – EQ Mag
SYDNEY : Australia’s 30 biggest pension funds in 2022 raised their investment to more than A$34 billion ($23 billion) in companies most responsible for expanding fossil fuels, environmental activist group Market Forces said. The superannuation or retirement funds increased by 50% over the past year their investment exposure to both Australian and foreign companies developing […]
Australia’s biggest hydropower project faces delay to 2028 – EQ Mag
SYDNEY : Australia’s biggest hydropower project faces a delay of up to two years, likely pushing its start-up out to 2028, the company said on Wednesday, in the latest setback for the A$5 billion ($3.33 billion) renewable energy project. The Snowy 2.0 project is now expected to cost more due to the delay, which the […]
‘NMDC in talks with Australia’s Hancock for lithium mining’ – EQ Mag
Indian iron ore miner NMDC Ltd. is in talks with Australia’s Hancock Prospecting Pty Ltd. for lithium exploration and mining, a source familiar with the matter told Reuters on Tuesday. Countries across the world are racing to secure lithium supplies for rechargeable batteries for future fleets of electric vehicles in the global transition to green […]
Australia’s approval of renewable projects double in 10 months: Minister – EQ Mag
Plibersek said the increase was a result of Labor creating “an environment of certainty” for the private sector with its climate policy, reports Xinhua news agency. CAMBERRA : Australia has approved 11 renewable energy projects since the ruling Labor Party came to power in May 2022, more than double the five approved by the former […]
One step closer towards Australia’s first commercial scale concentrated solar power plant – EQ Mag
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced it has approved $65 million in funding to Vast Solar to construct VS1, a first-of-a-kind 30 MW / 288 MWh concentrated solar power (CSP) plant in Port Augusta, South Australia. ARENA’s funding for VS1 is conditional upon the project reaching financial […]
Australia’s Recharge to buy failed EV battery startup Britishvolt – EQ Mag
Australia’s Recharge Industries was on Monday selected as the preferred bidder to buy Britishvolt, the collapsed UK startup which had struggled to fund a major electric vehicle battery factory in northern England. The deal, which comes just three weeks after Britishvolt fell into administration, could help revive Britain’s ambitions of building a home-grown EV battery […]