The Anonymous Widower

Rio Tinto Punts On British Start-Up To Plug Renewables Gap

The title of this post is the same as that of this article on the Australian Financial Review.

The article is a must-read and these are a few points.

• Highview is readying to take a big punt on the Australian market, with Rio Tinto and the Northern Territory government shaping up as potential customers.
• Highview is very committed to Australia. We think Australia can be as big as the UK for us, given their ambitions,
• Highview is working on concepts with Rio Tinto. And separate from Rio, we are well advanced in the Northern Territory with the government there to provide a solution to decarbonise the power grid.
• The process uses existing hardware from the gas industry, and  the plant’s life should be at least 40 years – five times longer than a battery.
• Highview could replace fossil-fuel gas plants in situ, and could also be an alternative to the more complex and capital-intensive option of pumped hydro.
• Highview already had staff operating in Brisbane.
• Highview was negotiating the long-term contract with the government in Darwin, and had engaged Australian banks to start testing the market for a local fundraising.
• In Britain, Highview hopes to be putting four 2.5-gigawatt assets into planning this year – one in Scotland, three with Orsted in England.

As I said, the article is a must-read and it proves to me that Highview is on its way.

June 24, 2024 - Posted by AnonW | Energy, Energy Storage | Australia, Ørsted, Highview Power, Northern Territory, Rio Tinto