Finkel Review into the National Electricity Market

This is fantastic and the timing could not be more perfect for a freshly cashed-up VIV.

Finkel Report - released 9 June 2017:

http://www.environment.gov.au/syste...es/electricity-market-review-final-report.pdf




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Big data and internet-of-things driving innovation and transforming energy use? Sounds familiar. Reminds me of Vivid Technology.
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What else is in the Finkel Review of interest? I'm glad you asked.

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That's a lot of electricity and emissions! Who could be up to the challenge of reducing energy requirements and emissions? Let's take a look at one of Vivid's recent presentations detailing their track record.

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What else is in the Finkel review? I recommend reading the whole thing for yourself, but here are the choice excerpts:

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"REWARD CONSUMERS
Consumers are at the heart of our electricity system. The actions of consumers will
be harnessed to improve the reliability and security of the electricity system and
keep costs down. Consumers will be better informed and rewarded for managing
their electricity demand. System upgrades and new generation will be achieved
at lowest cost.

LOWER EMISSIONS
The electricity sector will do its share to meet Australia’s commitment to reduce
emissions. A long-term emissions reduction trajectory will encourage investment
in system capabilities.

A new Energy Security Board
A new Energy Security Board will drive the implementation of the blueprint on behalf of the Council of Australian Governments (COAG) Energy Council. It will have an Independent Chair and Deputy Chair appointed by the COAG Energy Council.

Some energy efficiency improvements can be delivered in the short-term. In particular, large industrial energy savings projects to reduce electricity peak demand, or to reduce gas use to free it up for other uses, including electricity generation, could have strong reliability benefits in the short-term while also reducing the energy bills of large consumers.

Substantive opportunities have been identified in the large consumer sector for cost-effective investment in energy efficiency measures. While the most energy-intensive users have a strong commercial incentive to manage energy closely, industrial energy users may not invest in these projects to the most efficient levels without some form of support or intervention because some of the benefits accrue to the wider energy system, for example through improved reliability.

Despite these existing programs, a large number of submissions called for more to be done on energy efficiency and there appears to be considerable scope for greater use of energy efficiency to improve reliability, security and affordability."

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Vivid has the track record and customer base and has been delivering these large industrial energy savings!
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Finally, just to finish off, and the icing on the cake, Chapter 8 of the Finkel Review talks about:

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BEYOND THE BLUEPRINT
Carbon capture and storage
Carbon capture and storage (CCS) technology can contribute to lower emissions, by reducing CO2 emissions from coal or gas-fired generators. Fossil fuel generators equipped with CCS are synchronous generators, providing power that can be dispatched when required and other services that support power system security.

The Australian Power Generation Technology Report notes that “while CCS technologies are not very mature, coal with CCS is more slightly mature than gas with CCS”. CCS technology works by capturing CO2 at a major emission source such as a coal or gas-fired power station and compressing it to a dense supercritical state so that it may be transported (by pipeline) to a site where it can be
injected into a deep underground rock formation and permanently stored. Alternatively the CO2 may be used in such applications as enhanced oil recovery, a longstanding petroleum industry practice. CCS can reduce emissions from power stations by around 85 per cent. The process of capturing CO2 reduces the efficiency of power generation by up to 25 per cent. Transporting and storing the CO2 involves the development of large-scale infrastructure. CCS technology can be installed with a new power station, or in some cases, retrofitted to an existing power station.

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Hey... that sounds like something to do with VIV's 33% investment in NCF which uses CO2 as feedstock!

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No wonder they were able to raise at a premium! And it's only a $15 million market cap! Wtf!