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Queensland plans to release strategic targets for energy storage deployment in 2024

The Australian state of Queensland, which currently generates 21% of its electricity from renewable sources, has set a target of 70% renewable electricity by 2032.

Queensland Premier Annastacia Palaszczuk has announced an energy and jobs plan that aims to cut carbon emissions by 90 per cent by 2035, adding 22GW of renewable energy to Queensland to build a "super grid" that will fuel Coal power plants are transformed into clean energy hubs.

At the heart of its plan is the Queensland Renewable Energy Target (QRET), which aims to generate 50% of electricity from renewables by 2030, 70% from renewables by 2032 and 80% from renewables by 2035.

2022/10/20

The Queensland government claims a total investment of A$62 billion ($39.6 billion) in the plan, with other highlights including adding 115GW of rooftop solar and 6GW of battery storage by 2035 and closing the state's coal-fired power plants.

The Queensland Renewable Energy and Hydrogen Jobs Fund will provide $4.5 billion in investment, although the Queensland Government has highlighted the key role of private investment in the energy transition, but also that public ownership of transmission and distribution (T&D) and most power generation infrastructure will be will continue to exist.

The Queensland Government also recognises that energy storage will play a vital role in the energy system of the future, and the fund will invest A$500 million to incentivise the deployment of utility-scale and community-scale battery storage.

At the same time, two of the world's largest pumped-storage power generation facilities (PHES) under construction in the state will increase in duration, and like transmission and distribution (T&D) and most power generation facilities, these assets will remain under public ownership.

A pumped hydroelectric power generation facility (PHES) will be built in 2035 at the Borumba Dam and the Pioneer/Burdekin area. Queensland Deputy Premier Steven Miles said the combined size of the two facilities was 2GW/35GWh higher than the Snowy Mountains Pumped Hydro Electricity Facility (PHES) operated in NSW.

Queensland plans to release an energy storage deployment strategy in 2024. In August this year, Queensland's largest battery energy storage system (BESS) project to date came online, the 100MW/150MWh Wandoan South battery energy storage system deployed in the state's Darling Downs region.

Just before the Queensland government plans to launch the strategy, Victoria has announced its first-ever energy storage deployment target, targeting 6.3GW of storage capacity by 2035.

Victorian Premier Daniel Andrews said Victoria had become Australia's renewable energy capital, and it was now aiming to become the energy storage capital.

Meanwhile, Queensland Premier Annastacia Palaszczuk has further claimed that Queensland will become the renewable energy capital of the world, which sounds like healthy competition.

"This plan will provide Queenslanders with cheaper, cleaner and safer energy. It's about new investments in new minerals, batteries and manufacturing," Palaszczuk said. "This plan makes Queensland the renewable energy capital of the world. We Real and decisive action on climate change is needed to make the biggest commitment to renewable energy in Australia's history."

The Queensland government says the plan will help create 100,000 new jobs by 2040 and stimulate manufacturing activity and investment.

Other aspects of the plan include building gas-fired power plants that can burn hydrogen, while the planned supergrid will connect solar, wind, battery storage and hydrogen generation across the state.

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