Saturday, March 25, 2023

Contrasting solutions presented for how to build Australia’s new and more flexible electricity system

To reduce emissions, incorporate new technology and energy sources, Australia needs a new electricity system.

The grid of the future needs to be more stable, less centralized and handle large amounts of renewables.

The question this election is how to build it.

Brisbane company eleXsys wants to help transform the grid.

It is making equipment to handle large amounts of electricity being fed back in by rooftop solar.

“The grid is a one-way grid,” executive director Richard Romanowski told the ABC.

“It sends energy from the coal power or the solar farm into the city, but when you want to send energy backwards, it has a limit.

“It only lets 15–20 per cent of the energy go backwards.

“We fix that — we allow for 100 per cent energy going backwards — and that then allows us to decarbonise the whole world very fast and cheaply.”

A Man Leaning Over Boxes In A Workshop
Richard Romanowski’s business is making equipment that can handle a large amount of solar power going from a home out to the grid.,Nation World News: Dean Caton,

The company is assembling products by hand in an old petrol station in Brisbane, but a government grant will help them move to a purpose-built factory soon.

“The federal government grant is a huge leg-up to help us get going – it’s phenomenal to get it,” Mr Romanowski said.

The Coalition said the grant was an example of its “technology, not taxes” approach to decarbonisation.

It has made its own investments in grid infrastructure and is funding new gas and hydro power stations.

Labor is promising to transform the grid faster by creating a new body called Rewiring the Nation.

It would provide $20 billion of low-cost finance for power companies to build new transmission infrastructure, allowing them to connect more cheap renewables sooner.

“Rewiring the Nation will cover its real costs, not deliver a commercial return to government,” Labor’s Powering Australia policy stated.

“This will lower the cost of the upgrade, helping to ensure consumers get the lowest possible price, by shielding them from the risk of gold-plating in the necessary upgrade of transmission projects.”

Solar Panels On Homes In A New Suburb From A Drone
Home solar panel uptake is changing the way Australia’s electricity grid works. ,Nation World News,

Labor said its plan aligned with the blueprint of the Australian Energy Market Regulator, but the Coalition said it would increase power prices.

Green Energy Markets analyst Tristan Edis said some of Labor’s promised spending may be unnecessary.

“Their main policy for building new transmission… some of that money could be better spent,” he said.

Contrasting plans to cut carbon emissions

The Coalition has also committed to new generation projects, including carbon-emitting gas power and the pumped hydro power scheme, Snowy 2.0.

,[The Coalition is] delivering reliable generation to support continued growth in renewables, empowering businesses and communities to make choices on their energy needs, making targeted investments in critical transmission projects where that stacks up for consumers, and implementing key reforms to protect consumers and deliver a fit-for- purpose post-2025 market design,” a spokesperson for Energy Minister Angus Taylor told the ABC.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news