On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced up to $40 million in funding to support research and development (R&D) that aims to support the achievement of the Government’s ultra low cost solar stretch goal. The R&D funding round will build on ARENA’s previous R&D investment into solar […]
Arena offers $100 million funding for grid scale batteries – EQ Mag Pro
The Australian Renewable Energy Agency has announced a $100 million competitive funding round for grid scale batteries equipped with advanced inverters. The Australian Renewable Energy Agency’s (Arena’s) large scale battery storage funding round will provide up to $100 million funding for new battery energy storage projects of at least 70 MW or larger operating in […]
$100 million to support the next generation of grid scale batteries
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) today announced a $100 million competitive funding round for grid scale batteries equipped with advanced inverters to support the grid. ARENA’s Large Scale Battery Storage Funding Round will provide up to $100 million in funding to new battery energy storage projects of 70 […]
Exploring renewable hydrogen opportunities at the Port of Newcastle – EQ Mag Pro
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced $1.5 million in funding to support a feasibility study into the development of a 40 MW hydrogen hub located at Port of Newcastle in New South Wales. The $3 million study will be led by Port of Newcastle and Macquarie’s […]
Investing in Australia’s net zero future – EQ Mag Pro
The Australian Renewable Energy Agency (ARENA) today launched its new Investment Plan that sets out how ARENA will support technological innovation that will underpin Australia’s shift to net zero emissions. In line with the Australian Government’s Low Emission Technology Roadmap, under the new investment strategy, ARENA funding will be directed towards projects that: Optimise the […]
Machine Learning Boosts Solar Forecasting to Ease Grid Pressures in Australian Study
Machine learning techniques have been used in a study to boost the accuracy of renewables forecasts by up to 45%, helping improve grid operations in Australia. The study, funded by the Australian Renewable Energy Agency (ARENA), is being coordinated by Monash University’s Grid Innovation Hub, industrial engineering firm Worley and renewables investor Palisade Energy and […]
Renewable hydrogen could reduce emissions in alumina refining
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced up to $579,786 in funding to Rio Tinto to support a feasibility study investigating the potential to partially decarbonise its alumina refining operations using renewable hydrogen. Conventional alumina refining combusts natural gas to achieve the high temperatures necessary in the […]
Australian Govt Approves Funds For Solar Hydro Project
The Australian Renewable Energy Agency (ARENA), on behalf of the Australian Government, has approved $15 million in funding to RayGen Resources Pty Ltd (RayGen) to construct a ‘solar hydro’ power plant comprising 4MW of solar PV generation and 3MW/50MWh (17 hours) of dispatchable storage capacity in north-west Victoria. RayGen’s power plant consists of RayGen’s proprietary […]
‘Low cost’ Innovative Long-Duration Solar-Plus-Storage Project to Begin Construction in Australia
Construction is set to begin in Australia on a grid-scale power generation and long-duration energy storage project combining solar power and thermal energy storage, after the company behind the project said this morning that funding has been secured. Technology provider and project developer RayGen Resources has closed a AU$42 million (US$32.54 million) Series C funding […]
Photon Energy Group Participates in AUD 42 Million RayGen Series C Capital Raise
The funding round includes AUD 27 million (EUR 17,2 million) of private funding by investors such as AGL, Schlumberger New Energy and Chevron Technology Ventures, and AUD 15 million (EUR 9.5 million) from the Australian Renewable Energy Agency (ARENA). Photon Energy Group made a follow-on equity investment of AUD 3 million (EUR 1.9 million), maintaining […]