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A Low Cost, Renewable Energy Future NEM

CEO Roger Price on Tuesday unveiled modelling from a detailed study undertaken by the company, a former spin-off from CSIRO, which shows that Australia could transition to 100 per cent renewables quickly, with less investment than most expect, and deliver a price considerably cheaper than now.

Using generation and demand data for the last two years in Australia, Windlab dialled in existing wind and solar, identified the best resources for more capacity, factored in existing hydro and then added in battery storage from household and large-scale plants, and from electric vehicles.

“With the correct siting of wind and solar generation, and making use of differentiated resources that exist between east and west and north and south, we can get to a high penetration of renewable energy much cheaper, much quicker and more reliably than most people think.”

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Credit: Renew Economy

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