The energy internet, the ‘smart’ grid, solar energy and battery storage are converging and the economic benefits are clear
Change is coming to the energy landscape. A transition to a new energy economy is happening. In a country like Australia – awash with energy both under and above the ground – this transition could be rapid and profound. There is a lot to lose for those who can’t keep pace.
Last month the government committed $1bn to the Clean Energy Innovation Fund. The fund will have “the primary purpose of earning income or a profitable return” on debt and equity extended to renewable energy, energy efficiency and low-emissions technologies. While many will argue the right way for that money to be used, investment like this is well timed.
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