Australia’s heavy reliance on imported fossil fuels has left households and businesses dangerously exposed to global energy shocks, with the current conflict involving the US and Iran costing motorists more than AU$1 billion (US$710 million) in March alone.
Hithium has signed a cooperation agreement for a potential 3GWh of battery storage deployments in the Asia-Pacific region with infrastructure investor Brawn Capital.
Climate Energy Finance’s Tim Buckley argues that geopolitical instability exposes Australia’s oil dependency and positions the country as a safe haven for international renewable energy capital.