Aussie energy future born in Whyalla

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It may come as a shock but the former One Steel/Arrium dog is now the birthplace of the Australian energy future, via the AFR:

British billionaire Sanjeev Gupta expects to begin construction of the Cultana solar energy project which encompasses 780,000 solar panels near the revived Whyalla steelworks early in 2019 as part of a broader $1.37 billion investment into renewable energy projects in the Spencer Gulf region in South Australia…The plans also include a co-generation plant at the steelworks using waste gas, and pumped hydro projects at the nearby Middleback Range mining operations that supply feedstock to the steelworks.

SIMEC ZEN Energy is also planning the world’s largest lithium ion battery, which would surpass the large storage battery built by Elon Musk’s Tesla and French group Neoen near Jamestown in South Australia’s mid-north, which began operating last year.

Strip out the politics and this is what the future looks like, renewable plus storage. Adios coal:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.