Victoria’s home of coal is serious about going green
More than 80% of Victoria’s coal is found in the Gippsland Basin off the southeast coast of the state.
It is here, in the Latrobe Valley, that an estimate resource of around 65 billion tonnes makes up around 25% of the world’s known brown coal reserves.
The coal-fired Yallourn Power Station, owned by EnergyAustralia – a wholly owned subsidiary of the Hong Kong-based CLP Group, is also found here.
It has been supplying both Victoria and Australia with electricity since 1974, and in recent years accounts for about 22% of Victoria’s electricity and 8% of the National Electricity Market (NEM).
But with its closure on the horizon scheduled for 2028 – four years ahead of schedule – the region has been turning to zero-emissions hydrogen and the potential job prospects the transition to clean energy could bring.
Latrobe Valley’s renewable energy transition
As part of the retirement of the power station, EnergyAustralia announced its plans to build new storage capacity through a 350 MW four-hour utility scale battery project in March.
The company said at the time that the Woreen Energy Storage System would ensure energy storage is built to allow for increased renewable energy in Victoria before it exits the system.
Environmental Clean Technologies purchases site for hydrogen refinery project
And yesterday, Environmental Clean Technologies (ASX:ECT) purchased a site for the development of its proposed headline hydrogen refinery project in the Latrobe Valley, aimed at delivering clean hydrogen, agricultural char, and other valuable products with a net-zero emission footprint.
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