Aero One’s Post

This is an important read and critical to the energy transition. At least read the executive summary and use this resource and research in the wider debate and discussion.

Australia has historically operated one of the most carbon intensive power systems on Earth. This independent analysis clearly lays out why the transition to a renewables based system, firmed up by storage and fast- start gas, is by far the most efficient and effective model for the future. For anybody interested in energy or climate policy, it is definitely worth reading - or at least reading the excellent summary AEMO provide…

🌿🔋 Shaping the Future of Energy in Embedded Networks with AEMO's 2024 Integrated System Plan (ISP) 🔋🌿 The energy landscape in Australia is undergoing a significant transformation, and AEMO's 2024 Integrated System Plan (ISP) is at the forefront of this change. While the ISP primarily focuses on large-scale energy transition and infrastructure, its implications reach far into our communities, including embedded energy networks in strata environments. Embedded networks, especially within strata communities, stand to benefit immensely from the key strategies outlined in the ISP: 1. Empowering Consumer Energy Resources (CER): The ISP highlights the critical role of consumer energy resources like rooftop solar, batteries, and electric vehicles (EVs). Strata communities can harness these resources to manage energy more efficiently, reduce costs, and contribute to the broader renewable energy transition. 2. Adoption of Virtual Power Plants (VPPs): By aggregating distributed energy resources, VPPs provide valuable services to the grid. Strata communities can leverage VPPs to optimize the use of their solar panels and batteries, improving energy reliability and sustainability. 3. Enhancing Energy Efficiency: Investing in energy-efficient appliances and participating in grid demand management can significantly reduce reliance on the grid. This approach aligns with the ISP's emphasis on energy efficiency and supports the seamless integration of renewable energy sources. 4. Supportive Policy and Market Reforms: The ISP underscores ongoing market reforms and policy developments that support renewable energy adoption. Strata communities can benefit from these incentives, making it easier to integrate renewable energy and improve energy management. As we move towards a net-zero economy, the ISP provides a robust roadmap for transitioning to renewable energy. Strata communities with embedded networks are uniquely positioned to adopt these strategies, enhancing their energy resilience and contributing to a sustainable future. Together, let's embrace the opportunities presented by the ISP to create more sustainable, efficient, and cost-effective energy solutions within our embedded networks. 🌏🔌⚡ #RenewableEnergy #EmbeddedNetworks #StrataLiving #AEMOISP #EnergyTransition #Sustainability #VirtualPowerPlants #EnergyEfficiency #NetZero #SmartEnergy

Yesterday Australian Energy Market Operator (AEMO) unveiled its 2024 Integrated System Plan, outlining pivotal opportunities ahead. Of significant note for job seekers, the ISP projects a demand for over 60,000 people in jobs across National Electricity Market regions over the next 20 years. This is an almost doubling from today's 32,000 workers. To meet these demands effectively, employers will need to be increasingly open to candidates from diverse backgrounds, including outside the traditional energy sector. By embracing and leveraging these transferable skills, it not only has the benefit of addressing workforce needs, but also ideally creates diversity of thought and fosters innovation within organisations. #engineeringcareers #energycareers #energytransition

Well this is exciting. Great to see the new Integrated System Plan from Australian Energy Market Operator (AEMO) with a firm focus on Consumer Energy Resources (home solar, batteries and EVs). These two key statements stand out for me: 1. "If consumer batteries are coordinated effectively, they have the potential to help lower costs for all consumers by offsetting the need for an additional $4.1 billion of grid-scale [storage] investment [, as well as help deliver more reliable and secure energy and contribute to lower emissions]." That's massive. But this requires close attention to home-owners and communities, which makes this second statement all the more important... 2. "As the energy transition brings both opportunities and challenges, continuing to listen and respond to the voices, needs and concerns of consumers and local communities will be essential." This guideline for the energy transition across the NEM is well-worth the quick watch. It's really heartening to see the vision for more jobs, increased resilience, and energy cost reductions.

Lots of great information here from AEMO… Some key points for the transition and batteries we note from the report are Renewable energy connected by transmission, firmed with storage and backed up by gas is the lowest cost way to supply electricity to homes and businesses through Australia’s energy transition. The shift to renewables is well underway, with renewables accounting for almost 40% of the total electricity delivered through the NEM in 2023. 90% coal retired by 2035 and all by 2040 Cost $120bn by 2050 Medium duration storage solutions are increasingly needed to support renewable energy growth. …..That is to dispatch electricity for four to 12 hours. This may be battery or pumped hydro (or other emerging technologies including flow batteries) which can shift large quantities of electricity to meet evening or morning peaks. (Energy Queensland and Stanwell Corporation Limited are investigating these batteries now with Vecco Group and Redflow). Increased electrification, including charging vehicles contributes to a nearly doubling of electricity demand by 2050, meaning scope for next generation mobility batteries to have a real impact is high such as our own manufacturing and development companies Graphene Manufacturing Group Ltd and Li-S Energy Effective coordination of consumer batteries, can save around $4.1 billion in network development costs, so lets get to it with further incentives for home batteries and grow the for local assembly and battery management systems parts of the supply chain. Prohelion

"The entire system is growing, grids need to grow, and the associated investment and operational costs are growing. 𝗦𝗺𝗮𝗿𝘁𝗶𝗳𝘆𝗶𝗻𝗴 the system is a must, but 𝗮𝗱𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗴𝗿𝗶𝗱 is needed, especially in some geographies where RES feed-in into the grids is far greater than the expected demand. Regulatory approaches must be therefore adapted and tailor-made to the new challenges for capital and operational costs, as well as ensure returns that are in line with the financial environment." We fully agree with the #FutureGridsEU's conclusions - as our President and E.ON's CEO Leo Birnbaum stressed, Europe needs a strong European political project. It's time to work on #Grids4Speed 👉 https://lnkd.in/eBJj5fnG ENTSO-E | European Commission | E.DSO | EU DSO Entity | GEODE - The voice of local energy distributors across Europe #powergrid #energyefficiency #decarbonisation #electrification

#FutureGridsEU: Event conclusions now live!   The “Future of our Grids: Accelerating the energy transition” event took place on 7 September 2023 in Brussels. The forum saw more than 200 industry leaders from European policymakers and national representatives to grid operators and sector experts meet to exchange on the opportunities and challenges in leveraging electricity grids to accelerate Europe's energy transition.   The Forum discussions focused on four key themes aimed at unlocking the potential of electricity grids to help reach Europe’s net-zero targets. Sector experts introduced the discussions and provided an introductory framework overview to lead to interactive discussions with the participants. The roundtable format allowed for many viewpoints to be shared reflecting different perspectives to common issues.   The key themes discussed were: ⚡Secure and mobilise the necessary financial capabilities ⚡How policy and regulation can facilitate and speed-up the grid investments ⚡The challenges of manufacturing capacities and skills to supply all the necessary grid components ⚡How to better include local communities and the public at large to increase support of grid infrastructure   The conclusions from the discussion are now available on the Forum's webpage, and should ultimately serve as a valuable reference for future policy actions.   The Forum was organised by ENTSO-E under the patronage of the EU Commission. ENTSO-E is committed to continuing the constructive dialogue with the stakeholders initiated in this context. ➡ https://lnkd.in/e8Ze5MYz