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Renewable energy storage needed to avoid bumpy energy transition

Australian Financial Review Sep 6, 2022

Colin Packham, Energy and resources reporter

The new Labor government has made accelerating renewable energy generation a central focus of its policy agenda. It has set an aggressive target of having zero-emission sources make up more than 80 per cent of Australia’s electricity mix by 2030, which would allow the country to meet its net-zero target by 2050.

John Grimes, the CEO of Smart Energy Council told The Australian Financial Review "The only way we are going to get to large penetration rates and have a stable economy is to have the bedrock foundation of energy storage. That energy storage is not going to be built by osmosis, we need an urgent and dedicated build programme that gets investments over the line to make sure that when we get to high degree of renewable energy that the lights stay on"

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