Clean Energy Finance Corporation to repeat solar success in battery storage
CEFC plans to repeat solar success in battery storage, REneweconomy, By Sophie Vorrath on 2 March 2017 Clean Energy Finance Corporation chair, Jillian Broadbent, says Australia’s energy system can safely accommodate significantly higher levels of renewable energy, as long as this was “planned and coordinated” with the rollout of smart technologies, including demand management and battery storage.
Speaking on the subject of Australia’s Energy Future, at a conference hosted by UTS, ISF and BNEF on Thursday, Broadbent outlined the kind of technological solutions the green bank would be backing to help achieve what the PM likes to call the “energy trifecta” of security, sustainability and affordability.
Notably, after a month in which the Malcolm Turnbull and his Coalition has relentlessly campaigned in favour of CEFC being used to finance clean coal, clean coal was not on her list.
Instead, Broadbent used the Sydney event to highlight the organisation’s plans to fast-track the roll-out of large-scale energy storage in Australia, in the same way its $250 million large-scale solar financing program boosted big solar development by bringing down costs.
“We’re close to finalising the transactions under our (large-scale solar) program, and we’re seeing falling technology costs,” she told the conference.
“Now we’re looking to have the same impact with large-scale storage, also working alongside ARENA to support the accelerated deployment of batteries and pumped hydro.
“Just this week we had a roomful of investors meet with 10 clean energy entrepreneurs seeking finance in our first Innovators Demo Day. One strong theme was the focus on the integration of sustainable energy production and storage at the household level, fortifying the grid’s stability and making energy more affordable.”
Further focuses for CEFC funds, Broadbent said, would include strengthened transmission infrastructure, behind-the-meter solutions, innovative business models to get more value from distributed energy resources, and frequency control services including hardware, data collection and control software……http://reneweconomy.com.au/cefc-plans-repeat-solar-success-battery-storage-78533/
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