Pumped Hydro Energy Storage across Australia, page-94

  1. 11,167 Posts.
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    Interesting stuff isn't it. I am almost itching to get back into the industry. Almost. But diversified renewables, regular hydro storage, pumped storage, grid scale batteries and load management contributions. They will all be a significant part of the solution.

    We're quibbling around the edges and dealing with some uncertainty. But it will work. It's just a matter now of putting together the most economic combinations and adjusting market rules to get the best out of each source. And managing the transition carefully. In the meantime it's up to the System Operator to call for enough generation and the right mix to provide a secure margin.

    The best outcome will move around a bit, as we continue to see reductions in new tech prices. So some punts will go bust. But that's the market working and Schumpeter's creative disruption weeding out the less fiscally and functionally fit. Bit of a change for what's been a pretty static industry but, power industry, welcome to the new world.
    Last edited by mjp2: 26/09/17
 
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