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Monash University, Worley, and Palisade Energy invent a machine that can predict short-term renewable energy generation Tuesday, 13 July 2021 11:01 Monash University, Worley, and Palisade Energy invent a machine that can predict short-term renewable energy generation
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Monash University, Worley, and Palisade Energy have collaborated to develop a machine capable of short-term power generation levels,
Monash University’s Grid Innovation Hub, Worley, and Palisade Energy collaborated to come up with a machine learning technology to predict wind and solar power to securely integrate them into the national electricity grid - and according to scientists the prediction technology has the potential to lower energy prices, and can be used for further studies on hydro and other forms of cleaner energy.
7 April 2021
Key energy market reforms in Australia’s main grid face a do-or-die moment, with proposals for a substantial redesign of the National Electricity Market sitting with federal energy minister Angus Taylor, who will decide how, and if, they progress.
The Energy Security Board (ESB) has been tasked with developing a substantial redesign of the National Electricity Market to ensure the market remains ‘fit for purpose’ for the way electricity is produced, transmitted and used undergoes dramatic changes as new clean energy technologies can market share.
The re-design is considered essential for the ongoing uptake of wind, solar, storage and demand management technologies, and is regarded as the most important event in the electricity market since the NEM original design more than two decades ago.
5 February 2021
The Queensland government has confirmed that it will provide $147 million in funding towards a new transmission network link to Genex’s Kidston pumped hydro project.
Genex is developing a 250MW/2,500MWh pumped hydro storage project at the site of two disused gold mining pits in Kidston in Queensland, which will require a new 186km transmission infrastructure link to connect the project to the main grid.
Genex is aiming to establish the project as part of a new clean energy hub, with plans to co-locate wind and solar projects around the pumped hydro facility.
As a key milestone for the project, the Queensland government confirmed that it would provide $147 million in funding towards the cost of new network infrastructure – a $15 million increase from its preliminary commitment.
15 January 2021
The Australian Energy Market Commission will fast-track an assessment of proposed new energy market rules that aim to identify emerging risks to electricity security risks requested by Australia’s energy ministers.
Federal, state and territory energy ministers requested the new electricity security rules, that would require regulators to undertake a general power system risk review (GPSRR), to identify emerging risks to system security.
Initiating the rule change request assessment on Thursday, the AEMC said the general power system risk review process would complement an existing ‘Power System Frequency Risk Review’ process that examines risks related to frequency control measures.