The New South Wales government is taking a significant step towards a more sustainable energy future by setting a target for long-term electricity storage by 2034. This decision is aimed at providing clear guidance to investors and encouraging long-term investments in the energy sector.
According to Energy and Climate Change Minister Penny Sharpe, the new target will involve adding an additional 12 gigawatt-hours of storage capacity by 2034. This move is part of the state’s broader efforts to transition towards cleaner and more reliable energy sources.
By setting this target, the NSW government is sending a strong signal to the energy industry and investors that they are committed to supporting the growth of long-duration storage solutions. This will not only help meet the state’s energy needs in the future but also contribute to reducing greenhouse gas emissions and combating climate change.
Investing in long-term storage solutions is crucial for ensuring a stable and resilient energy system, especially as the demand for electricity continues to grow. By planning ahead and setting clear targets, the government is laying the groundwork for a more sustainable and efficient energy infrastructure.
In addition to the environmental benefits, the transition to long-term storage solutions also presents economic opportunities for the state. By attracting investment in new technologies and infrastructure, NSW can create jobs, stimulate innovation, and strengthen its position as a leader in the clean energy sector.
Overall, the decision to set a 2034 target for long-duration electricity storage demonstrates the NSW government’s commitment to building a more sustainable and resilient energy system for the future. By providing a clear roadmap for investment and development, the state is taking proactive steps towards achieving its energy goals and reducing its carbon footprint.
