Australia’s resources sector eyes growth despite commodity price shifts
Australia's resources and energy exports are poised for continued growth, even in the face of softening commodity prices, according to the December 2023 edition of the Resources and Energy Quarterly (REQ) from the Department of Industry, Science, and Resources.
Fortescue’s board greenlights $750M investment in global renewable projects
Fortescue Metals Group has received board approval for a Final Investment Decision (FID) on three major green energy projects with an estimated total investment of approximately USD 750 million (AUD 1.1 billion) over the next three years.
$200M energy fund to power North West Queensland development
The Queensland Government has announced that market sounding is underway for a $200 million North West Energy Fund, aimed at improving the affordability, reliability and sustainability of energy supply across the North West Minerals Province.
Australian gov’t seeks industry input on domestic manufacturing of wind and transmission infrastructure
The Australian Government has opened a consultation to gather feedback on domestic manufacturing opportunities for wind and transmission infrastructure, as it examines how to build a competitive, viable and resilient manufacturing sector for wind and transmission towers in Australia.
$24 million invested in Queensland’s battery manufacturing capabilities
The Queensland government has announced a $24 million investment in two projects that will deliver new locally manufactured flow batteries to help meet renewable energy commitments.
ARENA’s $2b hydrogen headstart initiative included in new federal budget
The Australian Renewable Energy Agency (ARENA) has welcomed $2 billion in new financing announced in the 2023-24 Federal Budget for its Hydrogen Headstart initiative that aims to support Australia's largest green hydrogen projects.
Australian resource earnings to steady despite short-term declines
Resources and energy export earnings in Australia are projected to follow long-term trends in the next two years, buoyed by improved supply and a more favourable global economic outlook.
Up to $70m available in Townsville regional hydrogen hubs grant program
The federal government has begun accepting applications for the Regional Hydrogen Hubs Program – Townsville Region Grant opportunity, which seeks to create a Hydrogen Hub to deliver clean energy.
Tritium adds Tesla’s NACS connectors to its EV chargers in the US
Tritium DCFC Limited, a Brisbane-based manufacturer of electric vehicle chargers, will begin offering Tesla’s North American Charging Standard (NACS) as a connector option with its fast chargers.
WA launches EOI for locally made vanadium battery
The Western Australian Government has announced a new push to advance local manufacturing, opening Expressions of Interest (EOI) for the delivery of a WA-made vanadium battery for Kalgoorlie.
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