Renewables for industryProject MGA Thermal Energy Storage Project
Report: Market Context Report MGA Thermal Energy Storage Application in Australia (PDF 722KB)
This is the first Knowledge Sharing Report for the project, outlining key rationale in the context of the Australian renewable energy landscape.
This report shares key rationale for the ARENA funded MGA Thermal Energy Storage Project in the context of the Australian renewable energy landscape. The report draws on published data to identify the key uses of heat and energy in Australia, and assesses which of these are suitable to be supplied with decarbonised energy through the use of MGA Thermal’s thermal storage technology. High level economic benchmarks of the existing solutions are compared against that of projected MGA systems in terms of the Levelised Cost of Energy (LCOE) and Levelised Cost of Heat (LCOH) as indicators of economic viability