World leading smart energy storage research program in ACT
A new energy storage research program at ANU will receive up to $5 million from a fund established as part of the ACT Government’s pioneering reverse wind auctions.
Mr Corbell said the development of the Battery Storage and Integration Research program showed the Government’s renewable energy initiatives continued to provide benefits for the sector.
“The research program will provide new opportunities to increase the competitiveness of local businesses, including wind and solar companies, seeking to integrate battery storage into their facilities while building critical expertise in Canberra,” Mr Corbell said.
“I am pleased our progressive policies continue to provide the right platform for innovation and industry growth, bringing more jobs to our city.”
ANU will receive up to $5 million over five years as part of the Renewable Energy Innovation Fund, which was established following the Territory’s first and second wind auctions. The successful companies provided a range of local investment, including funds to support renewable energy projects in Canberra.
“The fund helps to drive the development of a vibrant, export-oriented renewable energy and energy storage industry in Canberra,” Mr Corbell said.
“Today’s contribution will be leveraged with $3 million in cash and in-kind contributions from ANU, including a $2 million commitment for new lab infrastructure to support battery storage and integration.
“The government regards the ANU as a strategic partner in its goal to establish the ACT as a centre for world-class battery storage research, commercialisation and business development.
“Together with the Government’s roll-out of up to 6,000 residential smart batteries over the next four years, the ANU’s research program will attract and drive energy storage technologies and integration.”
Mr Corbell said as part of the proposed funding, ANU would work with the Government’s Business Advisory Board to identify and recruit a world-class research leader.
“This research leader will work closely with companies, especially those within the CBR Renewables Precinct, to develop an applied research program, attract renewable energy companies to the Territory, commercialise new technologies, and create jobs in the ACT,” Mr Corbell said.
Professor Ken Baldwin, Director of the ANU Energy Change Institute welcomed today’s announcement.
“As the proportion of renewables in the grid grows, energy storage and its integration are becoming increasingly important to address intermittency in renewable energy supply,” Professor Baldwin said.
“The new ANU Battery Storage and Integration Research Program will feed into existing cutting-edge energy research at ANU and in the ACT, facilitating the transition to a broader low-carbon electricity system.
“The Territory’s funding will generate enormous economic benefits for the ACT. It will enhance local industry capability and competitiveness, attracting innovative energy companies to the ACT and building the ACT’s reputation as a leader in renewable energy and storage.”
The partnership aims to extend the capability of Canberra’s world class research institutions to provide applied research services to renewable energy and storage businesses.
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Section: Simon Corbell, MLA | Media Releases
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