Damien Nicks said long-duration storage will be essential for NSW and called for a special focus on it as part of the state’s energy infrastructure build-out.
Already a subscriber?AGL Energy chief executive Damien Nicks has declared new hydro generation and storage capacity will be “critical” to allow for New South Wales’ transition to clean energy, but the market support must be there for such projects to be realised.
Hydropower is the only low-carbon electricity generating technology that can provide flexible supply to the power system within “sub-seconds” while cost-effectively storing energy for “days to months”, Mr Nicks said in Sydney on Tuesday. “In our view, pumped hydro will play a critical role in the future of the NSW energy system and long-duration storage should continue to be a key focus,” he told a CEDA function on the future of energy in the state.
“I certainly couldn’t reach financial close on pumped hydro without a clear price signal or support – which, in our view, will be critical technology in our future blended energy mix,” Alinta CEO Jeff Dimery said in April. He said long-duration storage projects like Snowy 2.0 and Genex Power’s Kidston venture in Queensland were “urgently needed to help deal with the daytime solar glut”.
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