Diversification the key to a resilient energy market

Dr Michael Ottaviano

Diversifying the mix of energy sources can ensure the Australian grid remains resilient, according to Carnegie Clean Energy chief executive officer Dr Michael Ottaviano.

Dr Ottaviano said Australia’s energy markets are becoming more complex due to an increase in battery storage and rooftop solar installations.

Carnegie Clean Energy has been developing utility-scale solar power, wave energy and battery storage for the past decade, as well as creating off grid solar/battery/diesel microgrid systems through its acquisition of Energy Made Clean.

“Over the past ten years, we’ve seen the business case for renewables mature in Australia, from simply being a threat to power incumbents and dismissed as an unnecessary cost, to one where renewables are finally being seen as a solution to high energy costs and able to be part of a reliable, integrated and sustainable future energy solution,” Dr Ottaviano said.

In his upcoming presentation ‘Magnifying Opportunity through the Diversification of Energy’ at the Australian Energy Storage Conference on June 14-15, Dr Ottaviano will discuss the opportunities that diversification can present, as well as an update on the progress of the Energy Made Clean/LendLease EPC Joint Venture, and other recently delivered remote power projects.

“All power markets are, by definition, complex systems consisting of many generation sources, loads and interconnections,” he said.

“Our energy markets are becoming more complex with the advent of distributed rooftop solar PV and the emerging residential battery market.

“It stands to reason that a more diverse energy mix, distributed across the network, will lead to a more resilient grid and more choice for consumers.

“The challenge is for the system to emerge in the most efficient and cost-effective way possible. The historical approach of centralised planning for a network with centralised power generation is no longer sustainable.”