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OSW raises USD 5.5 million to support its global solar market expansion
Australian distributor OSW secures strategic funding to accelerate U.S. growth and deploy its digital solar project management platform.
Peabody cancels its $3.78 billion bid for Anglo’s coal mines
Peabody Energy abandons the acquisition of Anglo American’s Australian coal assets, triggering an arbitration process following the failure of a post-incident agreement at the Moranbah North mine.

Ingeteam delivers 35 MW of energy storage through seven projects in Australia

Ingeteam partners with JinkoSolar and ACLE Services to equip seven sites in Australia, representing a total capacity of 35 MW and 70 MWh of energy storage.
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Ampol’s Half-Year Profit Drops 23% but Exceeds Market Expectations
Australian fuel distributor Ampol reports a 23% drop in net profit, impacted by weak refining margins and operational disruptions, while surpassing market forecasts.
800-Million-Dollar Agreement: Tsingshan Triggers an Energy Recomposition in Zimbabwe
With a new $800 million investment agreement, Tsingshan expands the Manhize steel plant and generates an energy demand of more than 500 MW, forcing Zimbabwe to accelerate its electricity strategy.

Gentari launches 243 MW solar and storage hybrid project in New South Wales

Gentari has started construction at the Maryvale site, a solar project combined with a 409 MWh battery storage system, located in Central-West Orana and backed by a long-term public contract.
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Acen Australia files federal application for 1,760MWh battery in Queensland
Developer Acen Australia has submitted a battery storage project to the federal government, targeting 440MW/1,760MWh in a region near solar and mining infrastructure in Queensland.
OX2 gets green light for 135 MW solar plant on former mining site
OX2 has obtained Australian environmental approval to build a solar and storage project in Muswellbrook, on a former coal site in New South Wales, marking a milestone in its industrial strategy in the region.

NRN raises $67.2m to accelerate its distributed energy platform in Australia

Australian company NRN has closed a $67.2m funding round, combining equity and debt, to develop its distributed energy infrastructure platform and expand its decentralised storage and generation network.
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The global next-generation solar cell market will reach $12.95 billion by 2031
The next-generation solar cell market will grow by 15.73% annually by 2031, driven by diversified uses in residential, industrial, and aerospace sectors.
CATL Suspends Lithium Mine in China : Prices Surge 8%
The suspension of Jianxiawo mine after its mining permit expired removes 65,000 tonnes of annual production from the saturated global market.

Australia recalibrates hydrogen ambitions after wave of major project abandonments

BP and Fortescue withdrawals reveal gap between promises and economic reality in the sector, despite 22.7 billion Australian dollars in government incentives.
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Santos Extends ADNOC Exclusivity Despite Major Regulatory Hurdles
The Australian gas giant extends due diligence period until August 22 for the Emirati consortium's $18.7 billion offer, while national energy security concerns persist.
Uniper tightens annual guidance and adjusts its energy transformation strategy
Uniper reaffirms its targets for the year, narrows its forecast range, and strengthens its transformation strategy while launching cost-cutting measures in a demanding market environment.

Energy Vault launches Asset Vault with $300 mn investment to accelerate 1.5 GW energy storage

Energy Vault secures an exclusive $300 mn commitment to support the creation of Asset Vault, a subsidiary dedicated to building and operating 1.5 GW of energy storage projects across several continents.
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Energy Vault finalises acquisition of 125 MW Stoney Creek storage site in Australia
Energy Vault confirms the acquisition of the Stoney Creek storage project, marking its first major operation in the Australian market, following approval from local authorities on foreign investments.
Endua secures $4.88mn funding to accelerate hydrogen electrolyser manufacturing
Endua, an Australian technology company, has received $4.88mn in public funding to strengthen its capacity to produce modular hydrogen electrolysers, supporting the expansion of local supply chains and industrial development within the hydrogen sector.

Yanara gains independence to accelerate renewable project expansion in Asia-Pacific

BrightNight’s Asian subsidiary becomes Yanara and positions itself as an independent player to strengthen the development of large-scale renewable energy solutions in the Asia-Pacific region.
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Australia: Marinus Link receives federal approval for a 1,500 MW submarine cable
The 1,500 MW Marinus Link project has received federal environmental approval, launching a major new submarine interconnector between Tasmania and Victoria.
Pacific Green signs 1.5GWh agreement with ZEN Energy for energy storage in Australia
Pacific Green has signed a commitment agreement with ZEN Energy for the management of 1.5GWh of battery storage across three major sites in Australia, strengthening its portfolio and accelerating the market launch of its projects.
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Ukrainian Arrested in Italy for Alleged Role in Nord Stream Sabotage
Moretti expected to chair Petrobras board with ministerial backing
Sinopec Shanghai Posts Half-Year Loss Amid Declining Petrochemical Demand
The U.S. Department of Energy Extends Operations of a Coal Plant in the Midwest
Investments in Green Hydrogen Expected to Reach USD 510 Billion by 2032
Neoen launches the second phase of Western Downs Battery with AGL in Australia
Neoen begins construction of the second unit of Western Downs Battery following a 200 MW virtual battery contract signed with AGL Energy, aimed at boosting the flexibility of the Queensland electricity grid.
Carbon Capture in Asia-Pacific: High Costs and Legal Obstacles
Asia-Pacific is making progress in CCUS, but high costs and regulatory challenges are holding back progress.

Singapore strengthens alliances to secure its renewable energy supply

Singapore is exploring partnerships with Australia and Southeast Asia to diversify its energy sources, in response to growing demand and its decarbonization objectives.
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Australia: Ichthys LNG production to resume in October 2024
The Ichthys LNG project in Australia is scheduled to return to full production capacity in October, following an interruption to Train 2, temporarily impacting LNG exports to Asia.
Mike Cannon-Brookes redirects his investments to solar power in Australia
Atlassian co-founder Mike Cannon-Brookes is accelerating Australia's energy transition with massive investments in the SunCable project, destined to become the world's largest solar power plant.

Mike Cannon-Brookes redirects his investments to solar power in Australia

Atlassian co-founder Mike Cannon-Brookes is accelerating Australia's energy transition with massive investments in the SunCable project, destined to become the world's largest solar power plant.
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Australia validates the world’s largest solar power plant
Australia approves SunCable, a solar project on an unprecedented scale, designed to power three million homes and export energy to Singapore.
Australia: Engie closes financing for 250 MW solar power plant
Engie finalizes financing for its 250 MW solar project in Victoria, Australia, marking a key step in its expansion of renewable energies.

South Korean refiners under pressure from Chinese oil exports

Increased exports of Chinese petroleum products are threatening the margins of South Korean refiners, already under pressure, in a fragile regional economic context.
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Australia: 100 MW storage unit boosts power grid
The 100 MW Chinchilla storage facility, the first project of the Kogan Clean Energy Hub, is now operational, stabilizing the Queensland grid and facilitating the integration of renewable energies.
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Shell and PetroChina accelerate expansion of Surat gas project
Shell and PetroChina, through Arrow Energy, are ramping up the Surat natural gas project in Australia, boosting their LNG production capacity.
Surat Gas Project (SGP)

SK Innovation invests in underwater carbon storage in Australia

SK Innovation takes a 20% stake in the G-15-AP project in Australia, marking a shift towards decarbonization and diversification of its energy activities.
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FRV Australia completes financing for 100MW/200MWh Terang BESS
FRV Australia secures financing for Terang's 100MW/200MWh battery project, marking a turning point in renewable energy in Australia.
Western sanctions cut Russian oil exports by 10%.
Russian oil exports by non-G7 tankers fell by 10% in July as a result of Western sanctions, leading to a reduction in international deliveries.
Navire pétrolier dans les eaux russes

Woodside acquires OCI’s low-carbon ammonia project in Texas

Woodside Energy acquires OCI Clean Ammonia Holding's low-carbon ammonia project for $2.35 billion, including CO2 capture capacity in Texas.
JERA and Denso develop SOEC hydrogen production technology
JERA and Denso join forces to develop an innovative hydrogen production technology using solid oxide electrolysis (SOEC) cells and waste heat.
Australia: EPA decision on Woodside’s Browse gas project postponed
Western Australia's Environmental Protection Authority (EPA) postpones its final decision on Woodside's Browse gas project, delaying a major energy project.

US LNG Exports to Asia Increase in July

Increased demand in Asia-Pacific is redirecting US LNG exports, reducing deliveries to Europe.
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China and South Korea to be main customers for US LNG in July
In July, China and South Korea dominated US LNG imports, while Europe's share declined significantly.
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Hydrogen investments progress worldwide
Canada, Italy, Australia and the UK announce substantial funding for hydrogen projects, illustrating a shared commitment to a global energy transition.
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