Friday, January 27, 2023

Hanwha Energy Australia raises AU$150 million to fast-track growth

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Hanwha Energy Australia Pty Ltd, has secured AU$150m in investment to fast-track the development and growth of its innovative renewable energy business model within the Aussie energy sector. Hanwha Energy Australia, together with its retail energy businesses Nectr, combines utility-scale renewable energy generation, rooftop solar and home batteries, retail energy, finance and technology to offer Australians a one-stop-shop for their energy needs. 

Eaton casts portfolio of battery pack vent valves for electrified vehicles

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Eaton announced its eMobility business has introduced a single-stage vent valve for electrified vehicle (EV) batteries. The valve acts as an overpressure relief for the vehicle’s battery pack. A battery pack thermal runaway situation can occur when individual cells inside the unit fail due to physical impact or short circuit. Eaton’s single-stage battery vent valve can be precisely and flexibly designed to meet specific opening pressures and optimize venting.

Goldman Sachs, Cleanhill Partners acquire majority stake in EPC Power

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EPC Power Corp., a North American supplier of high-performance, utility-scale, smart inverters, announced the Sustainable Investing business within Goldman Sachs Asset Management and Cleanhill Partners have acquired a majority stake in its company. The strategic investment, along with a comprehensive recapitalization, positions EPC Power Corporation to expand and deliver against rapid growth in the renewable energy storage markets while helping facilitate the United States economy’s clean energy transition.

EIG to acquire 25% Of Repsol’s entire upstream business in new partnership

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EIG, an investor in energy and infrastructure, announced it has entered into a definitive agreement with Repsol S.A. (Repsol) to acquire a 25% stake in Repsol Upstream, an exploration & production (E&P) firm comprising Repsol’s entire upstream oil and gas business. The deal delivers upfront capital to Repsol to increase its investment in the energy transition, and support the growth of Repsol’s renewable power generation, fuels, and circular products.

Delta Electronics wins the Australia-Taiwan Business Partnership Award

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Delta Electronics, a power and thermal management and smart energy-saving solutions firm, has won the 2022 Australia-Taiwan Business Partnership Award at the annual ANZCham Business Awards in Taipei, Taiwan for its contribution to business in Australia and deep partnerships with Aussie firms. Since its establishment in 1996, Delta Electronics Pty Ltd has built a solid market presence with a broad product portfolio and local service network.

Katalyst files intent to buy Geopost Energy and further global expansion

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Katalyst Data Management announced its intent to acquire the Rio de Janeiro-based oil and gas data product and service provider Geopost Energy. Geopost Energy provides seamless and instant online access to integrated data of all types, including seismic, interpretations, and well logs production data to its customers. In addition, Geopost offers continuously updated information and news on all aspects of Brazil’s offshore and onshore E&P activities.

Brisbane Airport expands use of BrainBox’s AI to reduce emissions

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BrainBox AI, a pioneering autonomous building technology company, announced its agreement with the Brisbane Airport Corporation Pty Limited (BAC) to expand its revolutionary AI technology across multiple precincts of Brisbane International Airport.

New batch of startups headline third EnergyLab Scaleup Program cohort

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Eleven of the best late-stage energy startups are now on a fast-track to commercialisation in the Australian market as enterprise members of EnergyLab’s third Scaleup Program cohort. Originally launched in 2020, the Scaleup Program offers participating startups a unique opportunity to collaborate with energy companies, investors, industry leaders, other founders, and mentors from the EnergyLab network to unlock their next wave of growth.

Aussies to save $13k on power bills thanks to NSW Govt energy scheme

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The NSW Government has upgraded its Energy Savings Scheme to help households save thousands of dollars on their energy bills. Families across New South Wales are about to save thousands of dollars off their power bills thanks to the government’s decision to upgrade the New South Wales Energy Savings Scheme (ESS) which provides financial incentives for people to install energy-efficient equipment and appliances in their houses and businesses.

INNIO and Raven SR agree deal to power first waste-to-hydrogen plant

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INNIO in collaboration with Raven SR announced Raven SR’s plans to use INNIO’s Jenbacher engines [60 Hz] with a “Ready for H2” option to produce renewable energy. This will power and heat Raven SR’s S- Series hydrogen production facility at a landfill in Richmond, California.