Fortescue has brought forward its carbon neutral target by a full decade, claiming it will achieve neutrality by 2030. The push will be accelerated by new plans unveiled by chair Andrew Forrest to push into green hydrogen and renewable projects to both use and produce clean energy. Forrest flagged green […]
Victoria is set to get one of the largest lithium-ion batteries in the world. The 300 MW Victorian Big Battery will be built by renewable energy company Neoen. Neoen is also behind the expansion of Tesla’s big battery in South Australia. Visit Business Insider Australia’s homepage for more stories. Victoria […]
Think tank Beyond Zero Emissions (BZE) has launched its ‘Million Jobs Plan’ mapping a vision for an acceleration of the renewable energy sector. It plans to create 1.8 million jobs via the acceleration of new energy projects, creation of new zero-energy social housing and retrofitting of existing stock. The framework […]
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Energy demand could plunge 6% this year, the largest in 70 years in percentage terms and the largest ever in absolute terms, according to a Thursday report from the International Energy Agency. The IEA’s forecast would be more than seven times larger than the impact of the 2008 financial crisis […]
Iberdrola, the largest wind energy producer in the world, will make its debut in the Australian market with a $500 million hybrid solar and wind farm planned for South Australia. The 320 megawatt plant, to be built near Adelaide, would be operational by 2021, and is part of a 650MW […]
Global investment bank Morgan Stanley has revealed the companies it believes are best positioned to profit from a transitioning energy economy. In the report provided to Business Insider Australia, Morgan Stanley identifies five key areas of growth: renewable energy, electric vehicles (EVs), clean hydrogen, biofuels and carbon capture and storage […]
With the Global Climate Strike taking place this week to demand an end to the use of fossil fuels, we take a look at the Aussie companies which have pledged to use 100% renewable energy. Atlassian, Commonwealth Bank and Westpac are among the list of local outfits which have signed […]
Investment in new renewable energy projects has plummeted as the Australian government goes missing on policy, according to the latest Clean Energy Council (CEC) analysis. From a peak at the end of 2018 of 4500 megawatts (MW) worth of projects, the last two quarters have seen funded new projects drop […]
BHP has a new ute in its Olympic Dam fleet, so let’s do what blokes do and gather round to check out the donk: Yep, the new 4×4 Land Cruiser is a bit different from the 240 vehicles it will join underground at Roxby Downs. It’s powered by a lithium […]
The cost of producing solar power is rapidly declining: it now costs $US50 to produce one megawatt-hour of solar power, according to a new analysis. Coal, on the other hand, costs $US102 per megawatt-hour to produce. This recent change could be a sign that the world is on the verge […]
A UK firm managing assets of $US1.2 trillion will pull its investment from companies that fail to act on climate change. Helena Morrissey, head of personal investing at Legal and General, said they will be “naming and shaming” these companies next month. “There comes a time when talk is over, […]
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