The project will help cut carbon emissions by 12% compared with 2020 levels at its Mt. Keith and Leinster nickel operations, where power is currently being generated through diesel and gas turbines.
According to Wood Mackenzie, ramping up battery metals production is also important to limit the average global warming to two degrees above pre-industrial levels by 2040.
More than 200 of the world's leading climate scientists have begun working on a key report summarizing how Earth's climate has already changed and what to expect in coming years.
Australian media report that Rangelea Holdings has received over $40 million from Heathgate Resources since 2003 and is not willing to open the books to the public.
Expanded use of energy-efficient fuels across the corporate transport fleet is among the top priorities in improving the environmental profile of its production activities, the company said.
Mairead Lavery, who in 2019 became the first woman to helm EDC in its 75-year history, has made environmental, social and governance investing one of her three priorities.