Energy

Amarenco, a Franco-Irish company specialising in photovoltaic energy, has just completed a new round of capital raising for €300m. This latest round allows Arjun Infrastructure Partners, to acquire a minority stake in Amarenco. Arjun Infrastructure joins, alongside a pool of investors from the Crédit Agricole Group, Tikehau Capital, an alternative asset management group, which has made a significant contribution to Amarenco's growth since 2020.

FourQuest Energy Inc. has acquired UAE-based Caley Energy FZCO. Founded in 2014 by Charlie Topp, Caley Energy FZCO is a specialist equipment and personnel provider to firms of the process and pipeline industry throughout the Middle East, Africa, and Caspian region.

EIG, an institutional investor in energy and infrastructure, announced the completion of its acquisition of a 25% interest in Repsol Upstream, a newly-formed, gas-weighted exploration & production company comprising Repsol’s entire global upstream oil and gas business. Breakwater Energy, a wholly owned subsidiary of EIG, acquired the 25% interest in Repsol Upstream for total consideration of about $4.8bn, including debt, with Repsol holding the remaining 75%. Repsol Upstream operates Repsol’s diversified portfolio of upstream assets, comprising over 600,000 boe/d of production and operations in 15 countries, like the US.

Chevron New Energies (Chevron), a division of Chevron U.S.A. Inc., and JERA Co., Inc. (JERA) have signed a Memorandum of Understanding (MOU) that provides a framework for collaboration on carbon capture and storage (CCS) projects located in the US and Australia. This Memorandum of Understanding has the potential to expand the significant liquid natural gas (LNG) relationship that Chevron and JERA have today, and further demonstrates the commitment and dedication both companies have to advancing lower carbon solutions.

Energy Storage Industries — Asia Pacific (ESI) has strengthened the position of iron flow battery technology to secure Queensland’s future as a renewable energy superpower. The Queensland-based, Aussie-owned company has achieved a series of milestones this year. The first of ESI’s long-duration, grid-scale batteries completed the final stage of commissioning, the first production batteries are now being transported to a customer’s pilot site and the company’s technology has been recognised by Queensland’s Deputy Premier. ESI Managing Director Stuart Parry said the value of iron flow technology was being recognised across industry and government in Queensland and around Australia.

With the increasing cost of living, many Aussies are finding it difficult to afford their energy bills and this winter is expected to cause a lot of financial pain for households already feeling the pinch of inflation and rising interest rates. This winter is expected to be the most expensive yet for households and people need to take action before it is too late.

In the three months since the Consumer Data Right (CDR) went live for the energy sector, Adatree – Australia’s market-leading Open Data intermediary, – believes the initial interest shown by energy retailers and hardware providers indicates an industry that’s hungry for more innovative solutions to keep them relevant in a changing and competitive market.

Several Aussie households are sitting on hidden time bombs that could destroy their lives. Hot water systems are one of the most overlooked appliances because they are usually out of sight. They either sit outside, under the house, in the house in a cupboard, or in the roof. People don’t even think about their hot water system until their hot water runs out and then they call a plumber. The problem is that hot water systems can cause significant issues for householders, including some very dangerous ones. I strongly urge these Australian households to take action this year and find the time to check their hot water system.

Amazon grew its renewable energy capacity by 8.3 gigawatts (GW) through 133 new projects in 11 countries. This brings its total portfolio to over 20 GW—that could generate energy to power 5.3 million U.S. homes—across 401 renewable projects in 22 countries. The company’s renewable energy purchases continue to add new wind and solar projects on the grids that power Amazon’s operations, including Amazon Web Services (AWS) data centers, Amazon fulfillment centers, and physical stores around the world.

SolarEdge Technologies, Inc. (SolarEdge), a smart energy tech firm, announced that its products have met the new Dynamic Export requirements as part of the South Australian Govt's plan to stabilize the grid with sophisticated, remote cloud control tech. SolarEdge is the first vendor to certify and offer this native dynamic export service to SA Power Network.