Hydrogen fuel cells offer several advantages over EVs when it comes to heavy vehicles. But while EV technology is charging ahead, the cost of hydrogen remains stubbornly high, making it unlikely to prevail in the short term.
Renewable energy
The first investment of Macquarie's latest renewable energy fund is a key step in the bank's complicated strategy to make its asset management business a green investment powerhouse.
After his SunCable renewable energy venture was tipped into administration and bought out amid an acrimonious billionaire fallout, co-founder Fraser Thompson is still thinking big with new startup Cyan Ventures.
Coalition MPs believe Peter Dutton's push for nuclear power is less about ideology and more about pragmatism and internal party dynamics.
Long-duration batteries will provide top-up capacity to the power grid and help boost stability after Australia's coal-fired power generation fleet retires. But uncertainty over the timetable has magnified risks for investors and lenders.
The Tasmanian marginal seat MP says she will remain in the Liberal Party despite pressure from conservatives, saying: ‘If you want the party to change, change it’.
ESG conscious investors in the Australian renewable energy sector are paying top dollar and buying earlier, despite challenges getting projects off the ground.
IFM Investors is the biggest infrastructure investor in Australia. Its chief economist warns that offshore opportunities in green energy are likely to drag money out of the country unless the government provides a clear plan for the transition.
Macquarie's renewables-focused Green Investment Group has made extensive staff cuts over the last year as the clean energy industry takes a macroeconomic hit.
The Australian Renewable Energy Agency shortlisted six projects for its $2 billion Hydrogen Headstart program, but the brainchilds of Woodside and Andrew 'Twiggy' Forrest's Fortescue were conspicuous by their absence.
One of Brookfield's most senior executives tells Capital Brief there are "certainly other opportunities in Australia" for a landmark deal beyond Origin Energy.
Sustainable finance has typically focused on land-based efforts. The ocean finance movement, which includes billionaire Andrew Forrest amongst its proponents, has emerged to ensure marine ecosystems don't miss out.
