Federal government teases strategy on battery storage and power prices

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The federal government will spend the next few weeks talking to energy storage companies before revealing what it will do to help build more big batteries around the country.

Lithium-ion batteries are crucial for storing energy from renewablesMinister for Industry and Science Ed Husic went to the coal-heavy Hunter Valley today — a region poised to undergo a dramatic industrial shift on the path to net zero emissions by 2050."We don't have a moment to lose because we've wasted so many of these moments over the past few years, not recognising that a lot of this activity will create great jobs.

Ideas for renewable energy projects to be built in coal regions, like the NSW Hunter Valley, have been touted by the federal and state governments as discussions of transition intensify.

Source: News Formal (newsformal.com)

 

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More battery storage = Higher power prices

Power prices under Labor increase at record rates

bridgetrose97 BindiBryce 'many years until the coal industry has some issues' says DanRepacholi Not so. Look at the coal production data. Because of the exports, some domestic power plants have to get coal by rail, expensive & clogging up Central Coast line CCoastCouncil

Government trying to run as a business again we are surrounded by salt water molton salt reactors, promising jobs blue cw yet cannot and even pay apprentices

Screw storage, batteries don't make energy...🤦‍♂️

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