Eutility's news

2021 News articles relating to the energy and telecommunications industries

Carbon in power grid hits record low

A record low for the carbon intensity of power generation in the national grid has underscored the rapid decarbonisation of the electricity system as booming rooftop solar and increasing numbers of large-scale wind and solar farms force the retreat of coal power.

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Australian carbon price surges 180 per cent

Companies voluntarily buying up carbon offsets amid a flurry of pledges to hit net zero emissions by 2050 have pushed up Australia’s official carbon price by 180 per cent over the past year.

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Chinese hackers target Australian energy company

Chinese hackers came within minutes of shutting down a series of power stations capable of lighting three million homes in a sneak cyber attack of a sort experts warn are becoming increasingly common – and which could be used to limit Australia’s ability to respond to a military crisis in the future.

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Gas buyers fear fresh price surge amid Europe crunch

Prices for natural gas on the east coast have almost doubled over the past month, causing fresh worries for manufacturers all too aware of the crisis that surging prices has caused in Britain and Europe, where businesses have gone broke and plants closed down.

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Shell acquisition heats up mass market retailing

Shell has further jacked up the competitive threat to traditional electricity suppliers such as AGL Energy, snapping up the 185,000 customers of online green retailer Powershop in what is the energy giant’s entry into the mass market for power on the east coast.

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Newcastle port eyes green hydrogen future

Macquarie Group, Snowy Hydro and Chinese-controlled pipeline owner Jemena are all involved in a group that will examine a potential green hydrogen hub in Newcastle that could have a capacity of 1 gigawatt by 2030.

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Origin Energy sells APLNG stake for $2.1bn

Origin Energy may plough part of a $2bn windfall into clean energy and storage projects after it sold a stake in APLNG to private equity owner EIG, three years after the US player’s takeover bid for Santos was foiled.

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Sun Cable eyes 4GW Singapore power purchase

Sun Cable, one of the world’s biggest renewable energy projects, has called for expressions of interest from potential customers in Singapore, after the Asian nation said it would import up to 4 gigawatts of electricity by 2035.

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NSW gives green light to a green hydrogen future

The NSW government will incentivise the production of green hydrogen as a fossil fuel replacement in a nation-leading policy that is forecast to help significantly decarbonise the economy and position the state as a global exporter of the energy source.

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TransGrid predicts early coal closures

Australia’s fleet of coal-fired power stations face early closure due to rampant growth in renewables in a fast-paced move that piles pressure on achieving an orderly transition to clean energy, a blueprint by transmission giant TransGrid shows.

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Prime Minister Scott Morrison’s clean energy export plan

Scott Morrison is preparing an integrated climate change plan to more swiftly transition Australia’s energy exports from fossil fuels towards new low emissions technologies and cleaner energy sources to avoid the nation being left behind as the world moves towards a net zero future.

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Star of the South’s giant wind farm to power 20pc of Victoria

The developers of the $10bn Star of the South wind farm off Victoria’s Gippsland coast plan to supply 20 per cent of the state’s electricity needs once the giant Yallourn coal plant closes, providing a major source of renewable energy as the grid moves away from coal.

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Renewable energy domination on the way: AEMO

An ambitious plan to have Australia’s entire power grid run from renewables for short bursts remains on track, with solar energy continuing to eat into the dominance of coal, the Australian Energy Market Operator says.

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Snowy Hydro wants transmission fast-tracked

Snowy Hydro has called for transmission to be fast-tracked to ensure generation from its Snowy 2.0 expansion can supply the power market and says finetuning the ¬details of a proposed payment mechanism being used to extend the life of coal and gas generators will be critical to its success.

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PowAR targets backed-up renewables after $3bn Tilt deal

The AGL Energy-backed Powering Australian Renewables consortium will offer “firmed” clean energy supplies to industrial customers after completing its $3bn Tilt Renewables takeover even as the group warned that controversial energy reforms may derail investment in the sector.

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