The following statement is attributable to Clean Energy Council Policy Director – Market, Investment and Grid, Christiaan Zuur:
“Today’s announcement of retaining the eight-hour definition of long duration energy storage (LDES) within the Energy Infrastructure Act, the procurement of an additional 12 GWh of LDES capacity by 2034 and a requirement for AEMO Services to further consider the full range of LDES benefits, reflects longstanding advocacy by the Clean Energy Council aimed at enhancing energy system security and reliability.
“The New South Wales Government’s strong support of long-duration energy storage (LDES) is an encouraging step towards giving industry the certainty needed to back more investment in energy storage. This is crucial to keep the lights on and prices down, as coal exits our energy system.
“The Clean Energy Council has been working for years to make the case for LDES, as a critical part of the overall portfolio of energy storage.
“LDES technologies support renewables and help lower total system costs, by moving energy through time to when it’s needed most. As more renewables are brought online, this will help to keep consumer prices as low as possible.
“LDES also help keep the system stable and secure. This helps protects consumers against the risks of black outs. By reducing reliance on gas generation, LDES in turn reduce carbon emissions and help avoid the price shocks that flow from relying on gas.
This is a sensible policy that demonstrates renewable generation supported by storage is the lowest-cost pathway to a reliable, sustainable and affordable modern electricity system, while also ensuring that New South Wales retains its leading role in supporting the rollout of LDES.Christiaan Zuur Clean Energy Council Policy Director - Market, Investment & Grid
“The Clean Energy Council looks forward to working further with all governments and industry to support the rollout of energy storage, so that all states can benefit from these new technologies.”
ENDS
For more information or to arrange an interview, contact:
Liam Straughan
Clean Energy Council Media Officer
+61 409 470 683