• Anglo American commits to 100pc renewable electricity for its operations in Australia from 2025
  • FFI partners with Windlab on a ‘Super Hub’ expected to generate 10GW of wind and solar power
  • AGL ushers in a cleaner future for energy in Australia

Emission Control is Stockhead’s fortnightly take on all the big news surrounding developments in renewable energy.

 

Anglo American’s steelmaking coal business in Australia will be powered by 100 per cent renewable energy from 2025, as part of a 10-year deal with Queensland government-owned energy generator, Stanwell.

The deal will remove Scope 2 emissions from Anglo American’s steelmaking coal business in support of a wider initiative of reaching carbon neutral operations by 2040.

In what will be Stanwell’s biggest ever retail deal, the company will supply LON-listed Anglo American with renewable electricity, powering its five steelmaking coal operations across Central Queensland’s Bowen Basin.

It will also power all electrical equipment at Anglo American’s mines in Moranbah, Middlemount and Moura, including draglines, longwall equipment, conveyors, coal preparation facilities, lighting and ventilation and cooling infrastructure, water treatment plant and administration facilities.

 

 

The renewable energy will be contracted from the 450MW Clarke Creek wind farm, around 150km northwest of Rockhampton – owned by Andrew Forrest’s Squadron Energy and the 200MW Blue Grass Solar Farm in development by Spanish renewables company X-Elio.

“We are committed to producing the metals and minerals that we need to mitigate the extent of global warming in the most responsible and sustainable way,” Anglo American’s group director of corporate relations and sustainable impact Anik Michaud says.

This is the second deal Stanwell has announced this week after entering into a power purchase agreement (PPA) with the Brisbane Airport for the supply of up to 185GWh of renewable energy a year to help power the airport’s operations.

Brisbane Airport is Australia’s first airport operator to announce it will be powered by 100 per cent green energy by 2025.

 

Forrest plans new 10GW ‘Super Hub’ in North Queensland

Fortescue Metals Group’s (ASX:FMG) green making machine, Fortescue Future Industries (FFI), is set to deliver one of Queensland’s largest renewable energy projects as FFI and Windlab partner on a ‘Super Hub’ expected to generate 10GW of wind and solar power.

FFI CEO Mark Hutchinson said the opportunity was a game-changer for Queensland that will accelerate decarbonisation of the grid and help make green hydrogen a reality at an industrial scale.

The first stage of the proposed project includes the 800MW Prairie Wind Farm and the 1000MW Wongalee project.

FFI is currently in the detailed planning phase, with land agreements in place and the application for development approval for Prairie Wind Farm planned for submission in the coming months.

 

Here’s how ASX renewable energy companies are tracking:

CODE COMPANY PRICE % YESTERDAY % WEEK MARKET CAP
AVL Aust Vanadium Ltd 0.03 3% -6% $116,942,251
BSX Blackstone Ltd 0.18 -3% 29% $87,546,667
DEL Delorean Corporation 0.085 0% -2% $18,336,278
ECT Env Clean Tech Ltd. 0.016 -6% -6% $29,176,279
FMG Fortescue Metals Grp 19.5 -2% 14% $61,117,453,622
PV1 Provaris Energy Ltd 0.056 0% -5% $30,703,706
GNX Genex Power Ltd 0.175 -3% -3% $249,331,885
HXG Hexagon Energy 0.015 0% -6% $7,693,739
HZR Hazer Group Limited 0.67 -2% 0% $116,753,964
IFT Infratil Limited 7.89 1% 2% $5,641,856,638
IRD Iron Road Ltd 0.135 0% 8% $107,981,276
LIO Lion Energy Limited 0.039 0% -3% $16,618,299
MEZ Meridian Energy 4.15 -1% 0% $5,283,538,233
MPR Mpower Group Limited 0.021 0% 0% $6,167,769
NEW NEW Energy Solar 0.935 1% -3% $298,146,827
PGY Pilot Energy Ltd 0.017 0% 6% $10,394,443
PH2 Pure Hydrogen Corp 0.23 0% -2% $80,083,713
PRL Province Resources 0.077 0% -6% $90,974,972
PRM Prominence Energy 0.002 0% 100% $4,849,218
QEM QEM Limited 0.175 -5% -10% $24,497,015
RFX Redflow Limited 0.032 -6% -9% $60,615,991
SKI Spark Infrastructure 0 0% -100% $5,036,718,784
VUL Vulcan Energy 7.59 -1% -3% $1,100,815,112
CXL Calix Limited 4.86 0% 8% $849,106,916
KPO Kalina Power Limited 0.024 -4% 20% $37,879,895
RNE Renu Energy Ltd 0.065 14% -13% $20,780,263
NRZ Neurizer Ltd 0.11 0% -4% $120,113,151
LIT Lithium Australia 0.051 6% 2% $58,617,200
TNG TNG Limited 0.09 1% -1% $123,569,222
SRJ SRJ Technologies 0.43 0% 0% $38,345,359
NMT Neometals Ltd 1.08 -1% 3% $602,487,882
MR1 Montem Resources 0.04 0% 0% $12,893,190
FGR First Graphene Ltd 0.125 -7% -14% $77,771,493
EGR Ecograf Limited 0.325 -3% -3% $150,861,709
EDE Eden Inv Ltd 0.006 0% 0% $16,267,374
CWY Cleanaway Waste Ltd 2.68 2% -2% $5,854,380,316
CPV Clearvue Technologie 0.175 -8% -10% $40,481,657
CNQ Clean Teq Water 0.38 0% 4% $19,476,913
M8S M8 Sustainable 0.01 0% 0% $4,909,085
EOL Energy One Limited 4.53 -2% 1% $137,609,221
LNR Lanthanein Resources 0.033 -3% -3% $32,736,069
FHE Frontier Energy Ltd 0.485 -5% -9% $127,913,725
LPE Locality Planning 0.055 0% 0% $9,661,780
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Stand-out ASX renewable energy news this week

AGL ENERGY (ASX:AGL)

One of the most anticipated AGMs this year concluded with billionaire and Atlassian co-founder Mike Cannon-Brookes succeeding in his attempt to usher in four directors onto the board of energy giant AGL.

Cannon-Brookes managed to get Dr Kerry Schott, Christine Holman, Mark Twidell and Professor John Pollaers onto the board, and also had non-executive director Miles George re-elected.

The Australasian Centre for Corporate Responsibility (ACCR) executive director Brynn O’Brien says history has been made.

“This is both a victory for shareholders and a scathing indictment on those who spent years destroying shareholder value by delaying the inevitable in the face of an escalating energy transition,” she explains.

“It is vital that lessons are learned from AGL’s colossal waste of time and shareholder funds.”

In a statement, Cannon-Brookes’ fund Grok Ventures said:

“AGL shareholders clearly believe that these five directors bring essential experience and credentials to the board.

“This represents another majority vote by AGL shareholders pointing to their desire for change, fresh thinking and more execution capacity to realise the potential of this great company.”

 

 

RENU ENERGY (ASX:RNE)

On Thursday, RNE made two big moves in the green hydrogen space both nationally and internationally after signing an MoU with Launceston Airport for development of a multi-purpose Green Hydrogen Project and in a separate announcement, with Singapore based Anantara Energy Holdings for the potential supply of green hydrogen to Indonesia.

The first deal with Launceston Airport will see RNE and its wholly owned subsidiary, Countrywide Hydrogen, begin project design works for an initial 5-megawatt electrolyser as well as the installation of a solar array on vacant airport land to provide behind-the-meter (BTM) electricity.

It plans to scale up as demand increases, allowing for distributed green hydrogen production.

With Anantara, RNE intends to jointly conduct and fund a concept study and, subject to the results of the concept study, a feasibility study to establish a green hydrogen production facility in the Karimun Special Economic Zone (SEZ) in the Riau Archipelago, located to the south of Singapore.

The planned concept and feasibility studies will cover an initial 10MW electrolyser producing around 1,650t of hydrogen per year.

 

HAZER GROUP (ASX:HZR)

Hazer has signed a non-binding MoU with Japan’s Mitsui to jointly investigate the potential markets for the application of Hazer’s graphitic carbon – otherwise known as ‘Hazer graphite’.

Under the MoU, Hazer and Mitsui have agreed to conduct an initial marketing survey of applications of Hazer’s low emissions graphite in the steel making and chemicals industries, utilising Mitsui’s global network.

This comes as a result of an extensive period of technology review and market assessment conducted by Mitsui.

The two entities will jointly explore potential customers, applications, and partners in Asia, Oceania, Northern America, Europe and the Middle East to establish the potential value for Hazer graphite and to contribute to the decarbonisation of existing industrial supply chains and manufacturing processes.

At the same time, the two companies will also jointly explore other potential commercial opportunities on mutually agreeable terms.

 


 

ENVIRONMENTAL CLEAN TECHNOLOGIES (ASX:ECT)

Market leader in the development of fuel cells, Panasonic, has selected ECT’s Bacchus Marsh site for a trial of its hydrogen fuel cell for clean hydrogen use.

This will support the global rollout of new generation Hydrogen Fuel Cells, capable of turning hydrogen into onsite electricity and power.

ECT will provide clean hydrogen produced from COLDry to Panasonic as part of a three-year trial, which is set to kick off in December 2022.

“Hydrogen Fuel Cells add flexibility to the despatching of produced hydrogen on-site, reducing our need to seek solutions for storage whilst still allowing continuous production,” ECT managing director Glenn Fozard says.

“This is an opportunity for ECT to become a player in the next generation of hydrogen fuel cell technology.”

 

PILOT ENERGY (ASX:PGY)

Pilot and Cliff Head joint venture partner, Triangle Energy, are finalising the initial regulatory submissions required for Stage 1 works as the two companies continue to engage with potential project partners and customers for both Carbon Capture & Storage (CCS) and ammonia off-take.

PGY is set to expand its project team to focus on preparing for Stage 1 (Cliff Head CCS) to enter Front End Engineering Design (FEED) in 2023 with a development director, owners engineer, and hydrogen technology adviser.

 

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