Hydro Tasmania and buyers Macquarie Group and ERM Power have signed a ‘Virtual Storage’ deal which will see the pumped-hydro company sell the rights to its highest priced periods of ‘discharge’ and buying a fixed MW block of low-priced ‘charge’. The innovative contract is the product of the ARENA-funded Renewable Energy Hub.
The Australian Energy Market Commission’s latest annual Residential Electricity Price Trends report shows costs reducing as renewable build out replaces inefficient coal-fired generation, and more lowest-cost renewable supply is on the way.
In light of the Morrison Government committing another $94 million to Marinus Link, Cornwall Insight Australia Senior Analyst, Jake Dunstan, asks whether Tasmania can do both; support the mainland and develop a renewable hydrogen industry locally.
New electricity linkages will be created between Tasmania and the mainland after the state became the latest to have its renewables projects fast tracked and given funding by the federal government.
Every new regional EV charging station is a trailblazer. Last week, Evie Networks launched the first of three ultra-fast charging opportunities it has planned for Tasmania. Company CEO Chris Mills talked to pv magazine about the many factors the company considers in situating its infrastructure, to enhance the freedom of EV drivers to travel where they like.
The Commonwealth Government has OK’d the first phase of 600-1000 MW worth of developments that will feed into Tasmania’s 200% renewables by 2040 target; as well as the Marinus Link project; and the state’s ambitions to attract high-energy industries to its shores.
To help achieve its global-leading renewable energy target of 200% by 2040, the Tasmanian government has released the draft Renewable Energy Action Plan.
New analysis highlights the need of, and Tasmania’s potential for, deep storage to back up Australia’s future energy market. Tasmania is determined to become the Battery of the Nation.
Tasmania has committed to being 100% renewable by 2022 and remains well on track to meet this target ahead of schedule. But the island state says it is well placed to set a more ambitious goal, which would see it double its renewable production and help mainland Australia reduce its emissions.
The Tasmanian Government has announced a $50 million investment package toward its green hydrogen ambitions over the next 10 years.
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