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AGL Energy has announced plans to develop what it describes as ‘the world’s largest battery storage ‘virtual power plant’ in South Australia, in a foretaste of what many expect to be the energy system of the future.
So, just how fast can the transition to a clean energy economy occur? Is the 50 per cent renewable energy target proposed by Labor for 2030 too fast? Or are the 100 per cent renewable energy scenarios for 2030 prepared by research academics too slow?
Australian energy utility AGL Energy has spent $A28 million snapping up a minority stake in US-based battery storage solutions provider Sunverge as it seeks to accelerate its push into distributed generation and rooftop solar and storage and smart software.
Energy provider AGL has made the expensive decision to quit gas exploration and production, including several controversial CSG projects.
In the lead-up to the festive season, CSG miner AGL has confirmed it is again using tankers to haul toxic wastewater via the Pacific Highway to Queensland for processing, prompting local anti-gas groups to query if the company is prepared for a potential accident.
Ballina MP Tamara Smith has called on the state government to either buy back or cancel Metgasco’s license to drill for coal seam gas in the northern rivers. The call follows an announcement from miner AGL that it was divesting its CSG assets in Western Sydney and the Hunter Valley.
Greens NSW regional renewable energy spokesperson Jeremy Buckingham last week congratulated AGL and the NSW government on the completion of the Nyngan solar plant, saying this type of project was the best way to power the state and create jobs in the regions.