Pacific Channel acquires ENGIE ‘startup studio’
What does Pacific Channel's acquisition of ENGIE Factory mean for energy sector?
Venture capital firm Pacific Channel has acquired ENGIE Factory Asia Pacific, a startup studio belonging to the ENGIE Group. The acquisition expands Pacific Channel's portfolio in the energy sector.
Why it matters
Energy sector tradies may see new tech solutions and innovation affecting tools, systems, and work methods as the startup studio develops under new ownership.
Related
Australia’s wind industry enters complex delivery phase
Australia's wind energy sector is moving from planning to execution, with projects needing to secure financing, grid connections, procurement, and construction to achieve growth targets.
Why it matters: Electricians, builders, and construction workers will see increased demand as wind projects move to construction phase, affecting workload and job opportunities in renewable energy.
Fortescue ushers in 1.4GW of renewables across five projects
Fortescue has started construction on a 690MW Turner River solar farm in the Pilbara, part of a 1.4GW renewables push across five projects to reach zero Scope 1 and 2 emissions by 2030.
Why it matters: Electricians and builders in WA's Pilbara region may see increased work opportunities from large-scale solar construction and associated infrastructure projects.
A flurry of battery hybrids: 19 renewables projects gain federal backing
19 renewable energy projects have received federal backing under Tender 7 of the Capacity Investment Scheme, with battery hybrid projects dominating at eight of the 19 awarded contracts.
Why it matters: Electricians and builders may see increased work opportunities as new renewable energy infrastructure projects get underway across Australia.