Battery of the Nation Future State NEM Analysis (Stage 2)
- $500k Funded by ARENA
- $2m Total project cost
Summary
Hydro Tasmania’s Stage 2 analysis of the future energy market provides perspective on the technical and economic models and frameworks that underpin the Battery of the Nation opportunity.
Need
Stage 1 of the Future State NEM analysis confirmed the significant opportunity that exists for Tasmania to support a transforming National Electricity Market (NEM).
The Battery of the Nation Future State NEM analysis (Stage 2) project has now investigated the technical and economic drivers that will enable Tasmania to play a greater role in the NEM, communicating key concepts and challenging existing preconceptions and approaches about how the power system works and is planned.
This project consists of:
Project reports- Battery of the Nation Future State NEM Analysis (Stage 1)
- ARENA media release 07/06/18
- Battery of the Nation – Challenges in Modelling the Transforming NEM
- Battery of the Nation – Operation of Storages Without Perfect Foresight
- Battery of the Nation – Understanding Reliability in the Future NEM
- Battery of the Nation – Unlocking Investment in Storage for a Future Reliable NEM
- How Battery of the Nation Can Contribute to Victoria’s Energy Needs and Objectives
- The Case for Deep Storage – Why the NEM Needs Battery of the Nation
Learn more
Report: How Battery of the Nation Can Contribute to Victoria’s Energy Needs and Objectives
Australia’s National Electricity Market (NEM) is transforming. There is a significant challenge ahead to plan for, and implement, a timely and orderly transition.
Report: The Case for Deep Storage – Why the NEM Needs Battery of the Nation
Key strategic decisions in coming years will shape the NEM for decades to come; and yet, the same factors that are prompting the critical infrastructure decisions are also the source of substantial uncertainty.
Media Release: Future State NEM Analysis Finds Tasmania Could Become the Battery of the Nation
Tasmania has strengthened its case to become the Battery of the Nation as a new study released today by Hydro Tasmania confirms the state can play a significant role in the transformation of the National Electricity Market over the next two decades.
Report: Operation of Storages Without Perfect Foresight
Australia is planning and preparing for a very different electricity system. Low cost wind & solar will become the dominant providers of energy, and flexible supply options will be needed to manage the system.
Report: Understanding Reliability in the Future NEM
Australia’s electricity landscape is at the start of a dramatic transition. Older generators are likely to be replaced by new technologies.
Report: Unlocking Investment in Storage for a Future Reliable NEM
The National Electricity Market (NEM) is undergoing unprecedented change through the rapid transformation of its generation mix.
Report: Challenges in Modelling the Transforming NEM
Australia’s National Electricity Market (NEM) is undergoing a transformation; over coming years, the NEM is expected to be very different from today.
Action
Hydro Tasmania has undertaken a series of detailed analyses into the market structure; the modelling and forecasting frameworks; revenue and finance models for pumped hydro; how the energy market is changing and what that means for the industry; and an exploration of the system outcomes from an expanded renewable energy capacity. This will be shared through a range of communication channels, principally through the provision of focussed discussion papers.
Outcome
The Battery of the Nation Future State NEM analysis (Stage 2) project will facilitate better understanding across the market through improved context. This work will support industry stakeholders to develop a more detailed, refined and robust understanding of the role of storage in the transforming energy market. Through sharing learnings on the market mechanisms and reforms needed to unlock the Tasmanian opportunity, this project will provide pathways to an efficient and effective future NEM.
Additional impact
Hydro Tasmania’s analysis will support and inform critical work on the national electricity market modelling and future structure, and inform and enhance work by the Energy Security Board, the Australian Energy Market Operator and other specific market modelling work.
ARENAWIRE Blogs
How could pumped hydro energy storage power our future?
Reservoirs of water are poised to play a key role storing renewable energy to bolster the grid.
Second Bass Strait interconnector technically feasible
Tasmania’s plan to become the ‘battery of the nation’ is one step closer, with the initial findings from a feasibility study predicting a second interconnector may be commercially viable in the 2030s or even sooner.
