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.

“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.”

"The virtual power plant is expected to improve network resilience by increasing automation and speed of response."

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In 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.