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Metals Acquisition Limited Announces Appointment of Leanne Heywood to the Board of Directors

Retrieved on:

Wednesday, May 1, 2024

Metals Acquisition Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC), a private limited company incorporated under the laws of Jersey, Channel Islands (“MAC” or the “Company”) is pleased to announce the appointment of Ms. Leanne Heywood as a Non-Executive Director to the Company’s Board of Directors, effective 1 May 2024.

Key Points:

Metals Acquisition Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC), a private limited company incorporated under the laws of Jersey, Channel Islands (“MAC” or the “Company”) is pleased to announce the appointment of Ms. Leanne Heywood as a Non-Executive Director to the Company’s Board of Directors, effective 1 May 2024.
Ms Heywood received the 2021 Medal of the Order of Australia and was named 2019 NSW Business Women of the Year.
Patrice Merrin, Chair of the Board of MAC commented, “We are pleased to welcome Leanne to the Board.
Leanne brings profound experience in audit, risk, people and remuneration which will further complement the board.

New transmission lines are controversial for nearby communities. But batteries and virtual lines could cut how many we need

Retrieved on:

Monday, July 10, 2023

The large transmission lines were designed with generation supply and demand, the shortest routes, and cost in mind.

Key Points:

The large transmission lines were designed with generation supply and demand, the shortest routes, and cost in mind.
To cope, Australia’s energy market operator is proposing over 10,000 kilometres of new transmission lines, linking major renewable precincts with the cities.
The good news is, some alternatives to large-scale transmission lines have come of age.

How can we minimise new transmission lines?

That means a green grid has to connect new renewable zones such as Victoria’s Murray River zone and New South Wales’ Illawarra zone.
(Some coal areas, like the LaTrobe Valley, will be able to take advantage of resources such as offshore wind and pair this with existing transmission infrastructure).
So if new transmission lines are built leaner and smaller, we could use these grid batteries to store excess energy and transmit it later.
They can only be built with community backing
Dynamic line rating offers another way to reduce the scale of new transmission lines.

Aren’t grid batteries more about reliability?

At present, large-scale lithium batteries are the most technically viable way to store electricity relatively cheaply.
South Australia’s Hornsdale battery was one of the first, but other states are now joining in.
To date, these batteries have mainly been used to firm up output and boost system reliability.

How can we put these to use?

For the government, being able to reduce the size of the build means savings – and less demand on our already stretched workforce.
And for local communities, it means some – but not all – new lines could be avoided.
Read more:
To hit 82% renewables in 8 years, we need skilled workers – and labour markets are already overstretched

I'm not an apologist for the Snowy 2.0 hydro scheme – but let's not obsess over the delays and cost blowouts

Retrieved on:

Thursday, May 4, 2023

But, despite speculation, the hold-up won’t noticeably slow the transition to renewable energy.

Key Points:

But, despite speculation, the hold-up won’t noticeably slow the transition to renewable energy.
And in my view, we shouldn’t get too obsessed about exactly when Snowy 2.0 will be finished, or whether it costs more than first envisaged.
And Snowy 2.0 offers us many lessons that will benefit subsequent pumped hydro projects.
I’m not an apologist for Snowy 2.0.

A big deal for powering Australia

It is also likely to suffer further cost blowouts beyond its current price tag of A$5.9 billion.
The project was originally costed at $2 billion and was expected to start operating in 2021.
In a statement, Snowy Hydro attributed the latest delay to COVID-19, global supply chain disruption, technical complications and geological issues.
Snowy 2.0 is the biggest energy storage project under construction in Australia.

A suite of options needed

With a suite of technologies and projects.
This infrastructure is needed to move power generated by new solar and wind projects in rural areas to the cities, and also between states.
Many other current and future options exist to balance out electricity supplies.

The Snowy 2.0 delays mean other storage methods will take a stronger role in the interim.

Read more:
What is the electricity transmission system, and why does it need fixing?

Pumped hydro vs the alternatives

But pumped hydro excels at overnight and longer energy storage.
Since we only need ten or 20 pumped hydro systems, we can afford to be very choosy.
Australia has three operating pumped hydro energy storage systems.
The Pioneer-Burdekin pumped hydro system being developed in Queensland will be able to generate 5,000 megawatts of power for 24 hours.

What about the cost?

But Snowy 2.0 would have been a bargain if it was completed for $2 billion.
The decision to locate Snowy 2.0 in a national park has been intensely criticised.
However, at the time the Turnbull government committed to Snowy 2.0, it was the only large-scale storage option on the table.
Read more:
Snowy 2.0 threatens to pollute our rivers and wipe out native fish

Snowy 2.0 is worth doing

But it requires a doubling of electricity generation, supported by up to one million megawatt-hours of energy storage.
So for the sake of the renewables transition, let’s hope Snowy 2.0’s technical and financial difficulties are resolved.

Partners Group to sell CWP Renewables, a major Australian renewable energy platform

Retrieved on:

Sunday, December 18, 2022

Partners Group to sell CWP Renewables, a major Australian renewable energy platform

Key Points:

Partners Group to sell CWP Renewables, a major Australian renewable energy platform
Partners Group built CWP from the ground up, transforming it into one of the largest renewable energy platforms in Australia
The Platform has 1.1 GW of operational onshore wind assets, including Murra Warra I & II
Renewable energy is a core thematic focus for Partners Group, which seeks to invest in next-generation infrastructure assets that benefit from decarbonization trends
Partners Group, a leading global private markets firm, has, on behalf of its clients, agreed to sell CWP Renewables ("CWP" or "the Platform"), a vertically integrated renewable energy platform in Australia, to Squadron Wind Energy Assets.
CWP's renewable energy platform spans onshore wind and battery farms, and provides power to clients including Transurban, Woolworths Group, Sydney Airport, Commonwealth Bank, and Snowy Hydro.
Partners Group developed CWP from the ground up in line with its long-term and thematic approach to investing in next-generation infrastructure assets that benefit from decarbonization trends.
Partners Group has invested over USD 3.8 billion in renewable energy assets globally.

SQUADRON TO LEAD AUSTRALIA'S ENERGY TRANSITION

Retrieved on:

Wednesday, December 7, 2022

PERTH, Australia, Dec. 7, 2022 /PRNewswire/ -- Squadron Energy (Squadron) today announced it has acquired CWP Renewables (CWP), in an agreement that takes Squadron's renewable energy operating portfolio to 2.4 gigawatts (GW) with an Australian development pipeline to 20GW.

Key Points:

SQUADRON ENERGY ACQUIRES CWP RENEWABLES TO BECOME AUSTRALIA'S LARGEST RENEWABLE ENERGY INVESTOR, OPERATOR & DEVELOPER
PERTH, Australia, Dec. 7, 2022 /PRNewswire/ -- Squadron Energy (Squadron) today announced it has acquired CWP Renewables (CWP), in an agreement that takes Squadron's renewable energy operating portfolio to 2.4 gigawatts (GW) with an Australian development pipeline to 20GW.
"Squadron is proud to bring a very significant portion of Australia's renewable energy assets home to local ownership.
It means that Squadron has the renewable energy critical mass to help Australia step beyond fossil fuels," said Dr Forrest.
Prior to the acquisition of CWP, Squadron Energy was the second largest renewable energy player with a significant portfolio or assets in operation and construction.

SQUADRON TO LEAD AUSTRALIA'S ENERGY TRANSITION

Retrieved on:

Wednesday, December 7, 2022

PERTH, Australia, Dec. 7, 2022 /PRNewswire/ -- Squadron Energy (Squadron) today announced it has acquired CWP Renewables (CWP), in an agreement that takes Squadron's renewable energy operating portfolio to 2.4 gigawatts (GW) with an Australian development pipeline to 20GW.

Key Points:

SQUADRON ENERGY ACQUIRES CWP RENEWABLES TO BECOME AUSTRALIA'S LARGEST RENEWABLE ENERGY INVESTOR, OPERATOR & DEVELOPER
PERTH, Australia, Dec. 7, 2022 /PRNewswire/ -- Squadron Energy (Squadron) today announced it has acquired CWP Renewables (CWP), in an agreement that takes Squadron's renewable energy operating portfolio to 2.4 gigawatts (GW) with an Australian development pipeline to 20GW.
"Squadron is proud to bring a very significant portion of Australia's renewable energy assets home to local ownership.
It means that Squadron has the renewable energy critical mass to help Australia step beyond fossil fuels," said Dr Forrest.
Prior to the acquisition of CWP, Squadron Energy was the second largest renewable energy player with a significant portfolio or assets in operation and construction.

DGAP-News: Hyzon Motors to establish Australian Headquarters

Retrieved on:

Monday, January 31, 2022

Hyzon Motors Inc. (NASDAQ: HYZN), Melbourne will be home to Hyzon Motors Australia's headquarters, under a new partnership agreement between the RACV and Hyzon, a global leader in zero-emissions hydrogen powered commercial vehicles.

Key Points:

Hyzon Motors Inc. (NASDAQ: HYZN), Melbourne will be home to Hyzon Motors Australia's headquarters, under a new partnership agreement between the RACV and Hyzon, a global leader in zero-emissions hydrogen powered commercial vehicles.
Hyzon Motors is expected to deliver three locally manufactured Hyzon HyMax TT7 tilt-tray trucks and one of Hyzon's fully imported HyMax prime movers, to the Nationwide Group.
RACV Chief Executive Officer, Neil Taylor, said the partnership with Hyzon Motors aligned with the company's objective to support a cleaner energy future.
Hyzon gives no assurance that Hyzon will achieve its expectations.

Mitsubishi Power Receives Order of Two Gas Turbines for the Hunter Power Project in Australia

Retrieved on:

Tuesday, October 19, 2021

Mitsubishi Electric, Technology, Hydrogen, Mitsubishi Heavy Industries, MHI, Mitsubishi Power Systems Europe, Quality of life, CEO, Adoption, Snowy Hydro, Economic development, CO2, Solution, Carbon, Natural gas, Renewable energy

TOKYO, Oct 19, 2021 - (JCN Newswire) - Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Snowy Hydro Limited, a dynamic, integrated energy business, for two M701F gas turbines and related auxiliaries equipment for the Hunter Power Project in New South Wales, southeastern region of Australia.

Key Points:

TOKYO, Oct 19, 2021 - (JCN Newswire) - Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Snowy Hydro Limited, a dynamic, integrated energy business, for two M701F gas turbines and related auxiliaries equipment for the Hunter Power Project in New South Wales, southeastern region of Australia.
Mitsubishi Power will supply the M701F gas turbines, generators, and related auxiliary equipment from Japan through Mitsubishi Power Australia Pty.
We are very pleased that our M701F gas turbines will be able to contribute to the stable power supply in Australia together with increasing renewable energy.
Our gas turbine is capable of operating on natural gas, or on a mixture of natural gas and hydrogen.