Some in the fledgling tech-metals mining and processing industry are dismayed that the Federal Government's new energy policy does not appear to support renewable energy storage such as batteries.
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| The flow battery, also known as a redox battery, is made with vanadium, another tech-metal found in Australia. |
Australian Vanadium chief executive Vincent Algar said the National Energy Guarantee (NEG) unfairly pitted the batteries and renewable energy storage sector against fossil fuel electricity producers such as oil and gas.
"With coal and gas considered a dispatchable energy source under the NEG, what incentive will there be to source dispatchable energy from a battery?" he said.
Dispatchable power can be turned on and off and used immediately as needed.
The NEG will mandate that energy retailers need to buy a certain amount of energy from dispatchable sources, which include coal, gas, and pumped hydroelectricity storage.
Read the ABC News story by Babs McHugh - “Battery storage proponents despondent about future under National Energy Guarantee.”
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