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Origin Energy to exit hydrogen project in NSW citing slow market development

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Origin Energy has decided to exit the Hunter Valley Hydrogen Hub (HVHH) project in New South Wales due to slower-than-expected hydrogen market development. CEO Frank Calabria explained that while hydrogen has potential in the future energy mix, current market challenges, including input costs and technology advancements, are hindering progress.

The HVHH, announced in 2022 in partnership with Orica, was designed to replace natural gas with hydrogen in ammonia production and provide cleaner transport fuel. Despite government support and grant funding, Origin has paused all hydrogen development efforts, shifting its focus towards investments in renewables and energy storage for near-term decarbonization and energy security.

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ACCA report warns of inadequate climate preparedness among businesses

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The ACCA’s latest report, Weathering the Storm: Building Resilience Against Climate Disruptions, reveals that most businesses and organizations are ill-prepared for climate-related disasters, with outdated continuity plans that fail to account for the rising frequency of such events.  The report shows only 20% of surveyed organizations have identified climate risks across their operations, and just 17% regularly rehearse responses to major disruptions, while 25% lack any resilience-building mechanisms. ACCA Head of Sustainability, Emmeline Skelton, emphasizes…

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US Bureau of Land Management progresses 6.2 GW solar projects

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NREL to award pooling station tender for 630 MW Barethi solar project by September

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Nuclear fuel prices surge due to uranium conversion and enrichment bottleneck

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The cost of nuclear fuel has surged in the past two years, primarily due to bottlenecks in uranium conversion and enrichment, exacerbated by the Russian invasion of Ukraine. While the price of raw uranium ore has doubled since early 2022, the prices for converted uranium hexafluoride have soared fourfold to $68/kg, and enriched uranium prices have tripled to $176 per separative work unit, according to UxC data seen by the Financial Times (FT). Russia’s significant…

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Adani Power reports 50% drop in Q2 FY25 net profit despite revenue increase

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Adani Power Ltd reported a nearly 50% year-on-year drop in net profit for Q2 FY25, with earnings at Rs 33.17 billion, down from Rs 66.16 billion in the same quarter last year.  However, revenue from operations rose by 2.68% to Rs 133.39 billion, up from Rs 129.91 billion in Q2 FY24. EBITDA increased by 24.6% to Rs 54.02 billion, driven by higher sales volumes and reduced fuel and operating costs. The company noted that power…

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