Renewable energy generation can unlock regional economic growth.
SRI Regional Connector, Matt Peterson, Mr. John Cleland CEO of Essential Energy, Dr. Lou Conway Director SRI and SRI Regional Connector, Alex Cook.
The CleanTech Futures Series, held at NOVA in Armidale on February 27, was a significant forum for discussing the future of energy in the New England region.
Presented by Mr John Cleland, the CEO of Essential Energy, the forum aimed to guide business leaders through the complexities of the energy transition.
During the morning session titled "Leveraging Grid Stability, Efficiency & Renewable Integration for Business," John outlined strategic approaches for achieving grid stability, enhancing energy efficiency, and integrating renewable resources into the energy mix.
The discussions continued during the evening session titled "Future-Proofing the Energy Grid and Optimising Renewable Integration," which delved into the benefits of New England's new status as a Renewable Energy Zone (REZ).
John highlighted Essential Energy's critical role in supporting this transition by developing innovative grid solutions and infrastructure improvements. According to him, regional communities have the power to harness renewable energy to generate economic growth.
During the roundtable discussion, Mr. Cleland explained how rooftop solar and localised energy storage have already positively impacted and decreased the amount of power generated from fossil fuels.
He also spoke about a 'Distribution Renewable Energy Zone' that involves harnessing the renewable generation connections, utilising existing infrastructure, and unlocking network capacity to bring economic benefits for regional, rural, and remote NSW, along with the broader energy system.
"By increasing the amount of renewables that are generated and stored in regional communities like Armidale, these regions can attract new industry, creating local investment and employment opportunities."
The CleanTech Futures Series facilitates an exchange of ideas and collaborative opportunities. Dr. Lou Conway, Director of the UNE SMART Region Incubator, noted that the emergence of cleantech startups in the region is only just beginning.
"We are excited to be playing a role in supporting these new businesses to test their technologies and grow," she said.
John also took the opportunity to explain the energy transition and what it means for the electricity grid. "While a more complex electricity generation system requires an innovative way of managing the power grid within its technical operating limits, it also presents opportunities," he said. "And we want to ensure that regional communities reap the rewards of these opportunities."
The CleanTech Futures Series provided valuable insights into the benefits of renewable energy and how it can unlock regional economic growth. It is essential to continue these discussions and collaborations to achieve a sustainable future.
For more detail on the presentation:
https://www.essentialenergy.com.au/media-centre/media-release/news-27022024-renewable-generation
We would like to acknowledge the NSW Government for their support through the Accelerating Regional Innovation fund.
