The Morrison government recently announced a new election energy pledge, in which it pledged to invest $67 million in the development of new energy technologies. This is just one of several campaign promises aimed at boosting Australia’s renewable energy sector.
One of the main areas of investment will be in the areas of wave energy and battery energy storage. The government plans to allocate funds to support the growth and development of these industries, which have great potential for providing clean and sustainable energy solutions.
This announcement follows other investments in renewable energy. In 2018, Carnegie Clean Energy Limited raised $5.3 million to grow its solar, battery, and wave power businesses. This shows a growing interest and investment in these new technologies.
In addition to battery storage and wave energy, the government is also supporting hydrogen energy. Australia’s largest hydrogen electrolyzer has recently been delivered for installation at Hydrogen Park South Australia (HyP SA). This plant will play an important role in the production of hydrogen as a clean and renewable energy source.
In addition, the government plans to continue the expansion of wind power. Australia’s largest wind turbines are currently en route to Coopers Gap Wind Farm, setting records for the largest wind turbine blades ever shipped.
Overall, the Morrison government’s recent campaign pledge on energy demonstrates its commitment to investing in new and emerging energy technologies. These investments will not only support the growth of the renewable energy sector but also contribute to the country’s transition to a cleaner and more sustainable energy future.