Browsing: Pacific

Fortescue has started construction of a 650MWh battery energy storage system at Cloudbreak in Western Australia’s Pilbara region alongside the 690MW Turner River solar project, expanding its effort to operate iron ore production using renewable electricity.

Nine companies from Korea, mainland China, France, and Hong Kong formalized a hydrogen ecosystem agreement at the International Hydrogen Development Symposium 2026, outlining a coordinated effort to build a full hydrogen value chain in Hong Kong by 2030.

The efficiency limitations of water electrolysis remain one of the largest technical and economic barriers to scaling green hydrogen production. While renewable electricity costs have declined sharply over the past decade, the oxygen evolution reaction inside electrolyzers continues to require high energy input, slowing system efficiency and sustaining dependence on expensive precious metal catalysts such as iridium and ruthenium.

Iberdrola SA is advancing a 1-GW class battery energy storage system in Queensland, signaling continued international utility investment in Australia’s grid stabilization market.

China’s battery sector is entering a new competitive phase as manufacturers search for alternatives to lithium-based chemistries amid rising resource pressure, geopolitical supply concerns, and intensifying demand for stationary storage.

HSBC has launched a $4 billion Sustainability and Transition Credit Facility in mainland China aimed at supporting companies operating across…

China, where coal-based blast furnaces still account for about 90 percent of steel production and roughly 15 percent of national CO2 emissions, is expanding its hydrogen strategy beyond transport into sectors including steelmaking, shipping, aviation, and chemicals.

A reported 93.9 percent energy utilization efficiency, roughly one-third higher than conventional thermal hydrogen storage methods, is drawing attention to a new gas-solid battery prototype developed by researchers at the Dalian Institute of Chemical Physics under the Chinese Academy of Sciences.

Australia has shortlisted seven hydrogen derivative projects totaling 2.18GW of electrolysis capacity under the second round of its Hydrogen Headstart program, but the government’s decision to halve the available funding highlights growing pressure to narrow support toward projects viewed as commercially defensible rather than politically ambitious.

SoftBank is moving beyond its traditional telecommunications and technology focus with plans to establish a domestic battery manufacturing business aimed at supporting AI-driven power demand.