We conduct public interest financial analysis on the most profound economic transformation since the industrial revolution: the transition from fossil fuels to clean energy.

While each household battery is not large, Climate Energy Finance director Tim Buckley said together they had made a major difference to energy demand, and could reduce power prices this year and the next. “You can have your solar during the day, you can use that to charge your battery, and the battery is big enough on average to power most houses through the night as well,” he told AAP. Read more

Snowy Hydro and the Clean Energy Finance Corporation will seek partly-developed wind and solar battery hybrid projects to meet a newly-inked 10-year arrangement to supply Tomago aluminium smelter with renewable energy from 2033 onwards. Prime Minister Anthony Albanese today confirmed that the $2.5 billion rescue deal, split 50:50 between the federal and New South Wales government, would underwrite 3GW of renewable generation and firming capacity, and that a statewide search would identify projects languishing between development approval and final investment decision. Read more

Tim Buckley, director of Climate Energy Finance, says the deal structure risks making Australia a potential “dig-and-ship quarry” while the US captures the technological “value-add”. He wants any deal with Australian public exposure to mandate binding local processing requirements. Read more