For Friday 20 November 2020 provided by Ecoprofit.com.au (#letsfindsolutions)
News for green investors and organisations, stock watch & grant opportunities
IBE Joins Forces with Western Power
Infinite Blue Energy Group (IBE), pioneering Australia’s transition towards green hydrogen energy, is pleased to announce this morning that it has signed a cooperative agreement with WA government statutory corporation Western Power. The agreement sees both parties move to complete the initial studies for a 330 kilovolt (KV) power line to IBE’s landmark Arrowsmith Hydrogen Plant, as part of IBE’s final investment decision (FID) planned for January 2021.
Located almost 300 kilometres North of Perth, the new and improved 330KV line from Eneabba to Arrowsmith in Western Australia is part of IBE’s concerted push towards creating a regional path for supporting local jobs and industries, made possible by the partnership with Western Power. The new line will support Arrowsmith stage-I for domestic supply and Arrowsmith stage-II for the Asia Pacific international markets, once complete.
“We’re pleased to be partnering with Western Power to deliver on our commitment for helping support our regional communities through a planned transition towards sustainable and renewable energy technologies, made possible by the power of green hydrogen energy,” said Infinite Blue Energy chief executive Stephen Gauld.
“The upgraded network will open up over 50KM of accessible land for new infrastructure developments. It can help diversify local employment as well as help support regional development by supplying surplus green energy to the state electricity grid.”
As Australia’s largest green hydrogen project, Arrowsmith is powered by onsite wind and solar generation. The new 330KV power line is envisaged as a key step towards helping support the decarbonisation of the state electricity grid in WA, in addition to supporting local consumers, Gauld added.
“What’s most exciting about the design is its ability to draw on a variety of environmentally sustainable fuel sources to produce reliable baseload power and green energy without a carbon footprint,” said Infinite Blue Energy chief executive Stephen Gauld.
“Should green electricity be available when wind or solar power is low, then the Arrowsmith Hydrogen Plant could draw on green electricity to supplement the production of green hydrogen which is what makes this so compelling.”
Once completed, the 330KV line is capable of supporting up to 750 megawatts of power to IBE’s Arrowsmith Hydrogen plant in Dongara, Western Australia. Whilst the plant will generate more than 77% of its renewable power onsite, the 330 KV network will support the flow of power from the network into the plant when wind and solar is insufficient and allow surplus renewable power generated by Infinite Blue Energy to be exported to the grid for use at alternate locations.
Of the 5,000 Gigawatt hours (GWh) of power per annum produced at Arrowsmith, around 500 GWh of annual green energy will be pushed back into the grid. This is enough to power more than 65,000 homes daily. Once finalised, the 330KV power line is expected to open up the entire Mid-West Area for infrastructure developments as well as power Australia’s largest Green Hydrogen project.
For additional information, please refer to the IBE website at www.infiniteblueenergy.com
CTI launches Youth Suicide Awareness month
As climate change events increase in number and ferocity, so does climate change risk for businesses and organisations. To remove or control this risk, organisations need to be equipped with the right practical knowledge.
Carbon Training International (CTI) offers courses that give clear direction to understand how to deal with climate change risk.
CTI courses include Strategic Carbon Management, Carbon Accounting, Applied Energy Efficiency, Reducing Fleet Emissions and Carbon Offsetting.
For all courses commencing in November, CTI is donating 10% of total course fees received to Headspace – Youth Mental Health Foundation (https://headspace.org.au/) towards raising awareness of the worsening issue of youth suicide.
You can easily enrol in one of CTI’s online webinar courses at https://co2ti.com/. Just choose your preferred course and course start date. Extra course dates can be arranged.
The good news: carbon emissions and business costs are linked. The more an organisation reduces its carbon emissions the more it reduces its costs.
Eco-tip for the day – Turn it off
Energy conservation is one of the most important things you can do to reduce your carbon footprint. Leaving your electricals on standby needlessly uses up energy – hit the off switch and you could see huge improvements, most noticeably in your energy bills!
The VIX fear gauge up by 0.66 of a point since last Tuesday EST to 23.11.
The Dow Jones Industrial Average down since last Tuesday EST by 467.21 points or 1.56% to 29,483.23, the STOXX 600 down 2.14 points or 0.55% to 387.60 and the Shanghai Composite index up 33.53 points or 1.01% to 3,368.10.
Gold on 1,865.70. US 10-year Treasury Bonds on 0.830 and oil on 41.74. Cryptos Bitcoin up 1,437 points since last Tuesday or 8.62% to 18,096.
ASX 200 up 41 points or 0.63% since last Tuesday to 6,539.20. The Aussie dollar on 72.93US cents.
Eco Market Spot Prices
Sources: RenewEconomy, demandmanager, Reuters, SMH, Market Watch, Crikey