CSIRO investment opens doors to energy exporting

Rendered illustration of renewable energy in a lightbulb (Investment Plan)

Transforming Australia into the world’s leading low emissions energy exporter is at the heart of a new breakthrough science investment by CSIRO.

Announcing the creation of two Future Science Platforms (FSPs) at the National Press Club in Canberra yesterday, CSIRO chief executive Dr Larry Marshall said the $27 million investment would see CSIRO ramping up its research into hydrogen and precision health.

“Under our Strategy 2020 we’re committed to increasing funding for science that underpins innovation and will reinvent and create new industries and jobs for Australia’s future,” Dr Marshall said.

“Securing Australia’s future prosperity means we have to ensure our reach exceeds our gaze, turning our big ideas into breakthrough technologies for major Australian industries.

“Today’s announcement adds two new FSPs to our portfolio, which will transform two of Australia’s most critical sectors – energy and health.”

The creation of a Hydrogen FSP will enable the development of technologies that allow Australia to export its solar energy, as well as providing low emissions energy solutions for Australians.

“The opportunity for Australia is clear – we have access to vast energy resources through sun, wind, biomass, natural gas and coal, all of which can be used to produce hydrogen, allowing us to potentially become a leading exporter of low emission renewable energy,” CSIRO Energy director Karl Rodrigues said.

“This is not only important to ensuring Australia has a diverse mix of energy sources, but positions us to have a competitive edge in the global energy market, fueling industries from transport, to manufacturing and agriculture.”