Media Release. Minister for Resources and Energy
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- Created on Thursday, 25 July 2013 12:01
Calculating the prospects of solar thermal
25 July 2013
Resources and Energy Minister Gary Gray today launched new online tools supported by the Australian Renewable Energy Agency that will help researchers, developers and financiers assess the commercial prospects of Concentrating Solar Thermal power projects in Australia.
"Concentrating solar thermal systems have the potential to play a significant role in future electricity networks as they can store energy, which means clean energy can be dispatched to homes and businesses at anytime of the day or night," Mr Gray said.
"Through ARENA, the Government is investing in technologies and projects that will increase the use of renewable energy in Australia.
"These new tools – which will optimise an industry-leading United States model for Australian conditions – will make it easier for developers and financiers to assess the commercial viability of concentrating solar thermal projects."
Read the full Media Release (external Link)