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Energy

Coal powers ahead amid political pressure

As the key commodity soars on healthy demand in Asia, big Australian companies may be rueing decisions to offload valuable coalmining assets in the face of intense opposition.

WA battery storage trial launched

A new battery storage trial launched by utilities Synergy and Western Power in Mandurah will allow households to store residual energy from their solar panels and use it during peak periods.

ERA approves Pilbara power line

Alinta has received regulatory approval to build a transmission line linking the Roy Hill mine to Fortescue’s Cloudbreak and Christmas Creek mines, a move that would enable the iron ore miner to continue its shift away from diesel power.

Wammco to install 3MW energy facility

WAMMCO has signed on Queensland-based ReNu Energy to build a 3.1-megawatt bioenergy and solar facility at the sheep meat producer’s Katanning abattoir.

Pacific for Gwalia power job

Pacific Energy has been awarded a contract to install additional generation capacity at St Barbara's Gwalia gold mine as part of an expansion project.

Midway invests in WA biomass

Victorian forestry company Midway has announced plans to invest up to $8 million in two Western Australian biomass companies.

Ellis to lead battery charge

Stedman Ellis has been picked as interim chief executive for the proposed Future Battery Industries Cooperative Research Centre to be headquartered in Western Australia, and will leave oil and gas lobbyists APPEA on Friday.

Bechtel for Pluto train 2

Woodside Petroleum has picked Texas-based Bechtel as the most likely contractor to build a new LNG train at its Pluto facility near Karratha, but has hit a hurdle in approvals for an associated fly-in fly-out camp.

Cape wins Metronet contract

CFC Group subsidiary Cape has secured a power infrastructure contract with Western Power as part of the state government’s Metronet project.

Decmil wins $277m EPC solar contract

Decmil Group has finalised a $277 million contract with Chinese group Maoneng to build a 255-megawatt solar farm in NSW, eight months after signing a memorandum of understanding for the project.

Court blocks FMG report access

Fortescue Metals Group has failed to get its hands on a crucial engineering report at the heart of a legal dispute with Canadian company TransAlta Corporation.

Carnegie CEO departs, asset sales to be renegotiated

Carnegie Clean Energy’s long-serving managing director Michael Ottaviano has resigned, with the company also announcing major updates on three projects and plans to renegotiate its asset sale deal with Tag Pacific.

Bombora secures $19m EU funding

Perth-founded Bombora Wave Power has secured an $18.7 million grant from the European Regional Development Fund, days after Carnegie Clean Energy announced funding delays for its wave energy project in Albany.

ERA orders lower Western Power costs

An overnight decision by the Economic Regulation Authority will put downward pressure on power prices, with network operator Western Power ordered to further tighten its belt in the next four years.

Falling revenue pressure for Synergy

Electricity retailer Synergy hit an after-tax profit of $24.3 million in the year to June, an improvement of $36 million, aided by about $140 million of state government subsidies, while increased uptake of household solar continues to put pressure on revenue.

Softer notes on power competition

The state government appears to be continuing to back away from plans to introduce increased competition in electricity retailing, with Economics and Industry Committee chair Jessica Shaw saying she’d like to see more evidence it would reduce prices.

Protean in $3m South Korean investment

A half-owned subsidiary of Perth-based Protean Energy has received a $3 million investment from the South Korean government for a $9.7 million vanadium battery project.

Chevron to browse Clio, Acme options for backfill

Chevron’s Clio and Acme gas fields could provide backfill supply for an existing LNG plant, most likely North West Shelf Venture’s Karratha facility, under a plan to be unveiled by the company’s Australian managing director Nigel Hearne this afternoon.

Hydrogen a potential energy option

The cost of hydrogen production could be competitive enough for Western Australia to become a exporter in the next decade, while use in applications such as remote area power systems is not far away.

Vicinity to spend $20m on WA solar

ASX-listed Vicinity Centres has announced it will invest about $20 million across three Perth shopping centres as part of the second stage of its national solar power project.

RCR cost blowout, FY18 loss and $100m raising

RCR Tomlinson has revealed the details of a $57 million write-down at one of its solar projects, with the contractor today announcing a $16.1 million loss for the 2018 financial year and a $100 million capital raising to help cover the cost overruns.

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