The energy services division of Australia's Energy Queensland is collaborating with GreenSync to form a cloud-based, load control system designed to manage extreme electricity demand.
Said to be Australia’s biggest virtual power plant, the facility has been launched by Queensland Treasurer Curtis Pitt. He said: “This partnership creates a real view to putting downward pressure on the cost of electricity for customers, with a particular focus on helping businesses manage their input costs.
Go deeper with GlobalData
“In doing this, Energy Queensland is helping make businesses more competitive while also stimulating the economy.
“The virtual power plant will make a difference to everyday Queenslanders through helping to reduce market volatility and, ultimately, energy prices.”
Energy Queensland executive general manager of energy services Charles Rattray said: “We are seeking to manufacture some of the hardware required to deliver this new technology right here in Queensland.”
Featuring GreenSync technology, the virtual power plant is expected to improve network resilience by increasing automation and speed of response.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn addition, the new long-term partnership is expected to create job vacancies in the state. Around ten new positions have already been created in Townsville as part of the new initiative.
