Australian Chart of the week | Battery of the nation + hydrogen export: Can they do both?


The Tasmanian government have announced that they will set a target to double their current renewable generation by 2040. Based on current market dynamics, this means that Tasmania will likely need consistent renewable generation of around 2.4 GW (assuming average requirements) or 3.4 GW (if scaled to peak demand). This opportunity to double renewable generation in Tasmania is primarily a catalyst for Project Marinus and Battery of the Nation (BOTN) projects. By way of reminder:

  • Project Marinus would see a 1,500 MW interconnector built between Tasmania and Victoria unlocking the potential for greater transfer of power between regions.
  • BOTN seeks to expand the development of pumped hydro and wind assets.

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