Gravitational energy storage developer Green Gravity has secured $9 Million in funding with strong backing from existing and new major strategic and financial investors. The company, which is repurposing legacy mineshafts for utility scale long-duration energy storage, secured financing from investors including HMC Capital, BlueScopeX, Pacific Channel and Sumisho Coal Australia Holdings (SCAP H, a…
Ground has been broken in Wodonga, Victoria today on one of Australia’s largest renewable hydrogen plants – a facility that is predicted to cut CO2 emissions by around 4,000 tonnes each year from 2025. Owned by Australian Gas Infrastructure Group, the 10MW Hydrogen Park Murray Valley facility will deliver renewable hydrogen to more than 40,000…
GreenHy2 to provide hydrogen power generation, storage to Telstra Hydrogen energy storage manufacturer GreenHy2 has signed a Federal Government Grant to provide its Hy2MEDI generation and storage system to Telstra. The System, valued at $1.5 million, will be funded by the Australian Government from the Telecommunications Disaster Resilience Innovation (TDRI) Program, Power Resilience Round. GreenHy2…
Australia and New Zealand forestry and timber company OneFortyOne has announced a $30 million investment in a renewable biomass power generation project at its Jubilee Sawmill in Mt Gambier, South Australia. One of the largest timber mills in Australia, the company is investing a total of $90 million at Jubilee which includes the installation of…
Electricity and gas supplier Origin Energy is to abandon its involvement in the Hunter Valley Hydrogen Hub in a blow for green hydrogen hopes in Australia. The company said it was exiting the proposed 55MW HVHH project and halting hydrogen plans because of uncertainty over the pace and timing of hydrogen market development, and the…
The reordering of Australian and New Zealand alumina and aluminium production assets continues with Rio Tinto announcing it has completed the acquisition of Mitsubishi’s 11.65 percent stake in Boyne Smelters Limited. BSL owns and operates the Boyne Island aluminium smelter in Gladstone, Queensland which manufactures carbon anodes and aluminium, casting 295,000 tonnes of molten metal…
As shown in @AuManuracturing News’s Towards 3% R&D editorial series, Australia’s innovation effort is tanking, with a lack of national policy co-ordination a key issue. Here Dr John H Howard, puts the case for a National Innovation Council. In an era where innovation drives economic growth and global competitiveness, Australia’s fragmented approach to industrial strategy…
New large-scale renewable energy sources are strengthening at an accelerating rate, according to the latest Quarterly Carbon Market Report from the Clean Energy Regulator. The regulator’s Q2 2024 report found that total added renewable energy capacity could exceed 7 gigawatts (GW) this year — a combination of an upgraded estimate of 3-4 GW large-scale wind…
A just released study from the Institute for Energy Economics and Financial Analysis (IEEFA) found that the cost of electricity generated from nuclear plants as proposed by the federal opposition would likely be 1.5 to 3.8 times the current cost of electricity generation in eastern Australia. The independent think tank estimated typical Australian households could…
Memphasys commits to equine fertility study Reproductive technology company Memphasys has committed to a three-year equine fertility study, aimed at positioning its Felix laboratory instrument for sperm separation as a leading solution for the equine reproduction sector. The company expects commercial outcomes within 12 months from the trial, to be conducted in conjunction with the…