Renewables leading the nation’s recovery:Tasmania’s role as the Battery of the Nation

Stephen DavyChief Executive Officer, Hydro TasmaniaThe Stimulus Summit - 6 May 2020

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Progressing Tasmania’s opportunity

• Significant potential in hydropower, pumped hydro and wind development

• $56M in Federal funding to accelerate Marinus, more interconnection to Victoria

• Up to $30M for Tasmanian pumped hydro feasibility studies

• A new Tasmanian renewable energy target of 200% of current needs by 2040

Hydro Tasmania and TasNetworks, supported by ARENA and State/Federal Governments, are working hard to make this vision a reality.

Tasmania can be part of a national renewables-led recovery.

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Energy storage is the key

Excerpt: Hydro Tasmania analysis from “Operation of storages without perfect foresight”. This activity received funding from the Australian Renewable Energy Agency (ARENA) under its Advancing Renewables program.

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• Doing the groundwork and setting up for a bright future

Turning vision into action

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www.hydro.com.au/clean-energy/battery-of-the-nation

Thank you

Bathymetric surveys at Lake Murchison, West Coast of Tasmania