The energy sector is undergoing incredible changes. Over the past few years, there has been a shift to move away from coal-fired energy generation, in light of the growing concern with greenhouse gas emissions and its effect on the climate. With the closure of coal-fired energy plants, and new renewable energy sources popping up around the landscape, energy companies are finding a need to repurpose aging assets.
AGL is the owner and operator of the Liddell coal power station in the NSW Hunter Valley. Plans to shut the coal-fired plant in the summer of 2022/2023 are already underway, leaving the enterprise with an aging plant facility. Plans to repurpose the building and install a 500MW1 battery system prove the technology is evolving to a level where battery storage is critical to enhance the energy market’s capability to provide reliable renewable energy options.
The repurposing of the power plant highlights AGL’s plan to install 1200MW of batteries by 2024. Planning reports are being prepared for additional battery storage facilities in Adelaide and Queensland, with the latter to match in size Elon Musk’s South Australian facility.
If you’re working in the energy sector, get in touch with us at email@example.com to share your asset management success. Perhaps you’re working in the renewable energy sector, or at a traditional coal-fired plant and are planning to repurpose assets. Let us know and we can highlight your journey towards success.