Australia has shown remarkable progress towards renewable energy since 2016. By 2020, renewable energy was responsible for over 27% of the country’s total electricity generation. By this time, much progress was driven at the state level, and many renewable energy policies and targets were introduced to lessen emissions. In 2020, Tasmania became the first Australian state that achieves 100% energy consumption from renewable energy.

As per the recent report released by the Australian Conservation Foundation, Australia and most countries worldwide are facing an unprecedented climate and mass extinction because of digging and burning fossil fuels such as coal, oil, and gas.

On this front, Australia feels the need for a national approach by which it would be able to lessen the emission in line with the science-based temperature goals that Australia has agreed under the Paris agreement.

Transitioning Australia’s electricity sector to a clean, renewable energy-based system is a key element of Australia’s switch to net zero-emission and economy-wide action on climate change.

Amid the ongoing developments in the renewable energy sector, many ASX-listed players from this space have gained investors’ attention.

In this article, we will look into some companies from this space and see their recent developments.

ClearVue Technologies is an Australian company that functions in Building Integrated Photovoltaic  sector. It includes integrating solar technology into building surfaces, specifically glass and building façades, to provide renewable energy. CPV has developed advanced glass technology that focuses on conserving glass transparency to maintain building aesthetics while producing electricity.

On 08 February 2022, CPV entered into a Master Services Agreement with D2Solar of California for more development work on its second & third generation technologies. The deed between the parties sets the framework for a long-term development partnership between both these parties.

Further, the deed expects an OEM Supply Agreement for D2Solar to make certain co-developed CPV components to obtain a US supply chain.

Stock Information:

In the past three months, CPV shares have improved by ~51%. On 16 February 2022, its shares settled flat at AU$0.400 on ASX

Fortescue Metals Group is a global leader in the iron ore industry. FMG’s Fortescue Future Industries (FFI) is taking a global leadership place in green energy & green technology. This Company is investing in creating a global portfolio of green energy projects to supply 15 million tonnes yearly renewable green hydrogen by 2030.

In November 2021, the Company received planning consent from the Queensland Government for the Global Green Energy Manufacturing Centre in Gladstone, Queensland. The initial stage development is an electrolyser manufacturing facility whose initial capacity would be two gigawatts yearly with an investment of US$83 million.

FFI also advanced rail decarbonisation steps with the entrance of two added four-stroke locomotives for analysis on a blended ammonia fuel system. In January 2022, it announced the purchase of two battery electric locomotives. These two battery electric locomotives will be delivered in 2023.

Stock Information:

On 16 February 2022, FMG stocks settled at AU$21.150, down 2.038% from the previous close 

GeneX Power is a power generation and energy storage company. It focuses on developing a portfolio of renewable energy generation as well as storage projects across Australia.

In the December quarter (period ended 31 December 2021), the Company entered into a supply agreement with Tesla to supply a 50MW/100MWh battery for the Bouldercombe Battery Project. On the other hand, Tesla would offer a minimum level of contracted revenues to aid project financing as well as provide exposure for Genex to merchant revenue upside from major pricing events.

During the quarter, construction continued at the Kidston Pumped Storage Hydro Project. Some key work includes turbine model tests, the conclusion of the Oaks Rush Accommodation Village, as well as preparation works for the start of underground works.

GNX’s Kidston Solar Project generated 31,419MWh, and Jemalong Solar Project generated 34,856MWh of renewable energy.

Stock Information:

On 16 February 2022, GNX shares settled at AU$0.175, up 2.941% from the previous close. 

First Graphene Limited, the leading supplier of high-performing graphene products, secured an added patent within its current Hydrodynamic Cavitation patent family, with the UK Intellectual Property Office to coat anode particles with graphene.

The patent includes using FGR’s cavitation process technology to grow conductive graphene nanoplatelets onto the surface of suitable particles comprising silicon. The advantage is that the procedure is simple, scalable, and uses freely available feedstock processed under bulk ambient environments. Further, the process is clean, and it generates hydrogen gas as a byproduct.

Stock Information:

On 16 February 2022, FGR shares settled at AU$0.185, up 2.777% from the previous close.

Evolution Energy Minerals is an ASX-listed mineral exploration company that owns and controls 100% of the Chilalo Project located in south-eastern Tanzania.

Currently, the Company is targeting the most sustainable battery anode materials in the world. It is selecting the development of a sustainable battery anode materials plan to match the executable value-added products strategies.

It has started the commercial verification program to assess the production of the most sustainable coated battery anode materials in the world.

Further, the Company is progressing product qualification with Tier 1 anode manufacturers for Chilalo offtake.                         

Stock Information:

On 16 February 2022, EV1 shares settled at AU$0.465, down 1.064% from the previous close.

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